News / SM Line plans post-IPO expansion via US east coast container service

Park Kee-hoon. Photo: SM Line

SM Merchant Marine (also known as SM Line) has confirmed plans to launch a liner service to the US east coast by acquiring more ships and containers with the proceeds of its initial public offering (IPO) this month.

CEO Park Kee-hoon (pictured above) said on Friday that, by 2024, SM Line would be operating 18 routes – five transpacific and 13 intra-Asia – compared with the company’s current 13 lanes, comprising four transpacific and nine intra-Asia.

SM Line will offer 33,844,220 shares ...