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News / Soaring ship values delay Korea’s multi-billion-dollar support package

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© Sean Pavone | Dreamstime.com - Busan, South Korea
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The plan by South Korea’s state-backed ship finance institution, Korea Ocean Business Corporation, to provide funding to local liner and feeder operators through ship sales and leaseback is being delayed due to the current upcycle in the market.

In July, to alleviate the burden of rising ...

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    HMM Korea Ocean Business Corporation South Korea