South Korea’s Minister for Oceans and Fisheries Cho Seung-hwan said on 6 October that stock market conditions and the shipping cycles would determine when the state should dispose of its interest in the country’s flagship carrier HMM.
The last two years brought record profits for HMM as container freight rates rocketed to all-time highs, resulting in calls for the company to come off government support, which had been in place since 2016 after the company found itself on the brink.
The state...
https://container-news.com/south-koreas-minister-hmm-divestment-depends-on-market-conditions/