South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
HMM is to reserve 200 teu for agricultural and food exports from South Korea to the US every month, starting 17 July.
The decision to reserve space for agricultural goods came after a request from Korea’s Ministry of Agriculture, Food and Rural Affairs (MAFRA), which is concerned at runaway freight rates.
The reserved slots apply to the South Korean flagship carrier’s extra loader transpacific services, which HMM began operating in August 2020 when demand for container shipping experienced an unprecedented surge.
With rates ...
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