A GROWING number of Korean shipping companies have been put up for sale recently, desperate to find new owners before a highly anticipated downturn in the global shipping industry, according to industry officials, reports the Korean Times. The latest example was the private equity firm (PEF) Hahn & Company’s move to sell SK Shipping’s tanker business. It acquired a controlling stake in SK Shipping from SK Group in 2018 and reportedly stands to earn KRW2 trillion (US$1.5 billion) if it finds a...
https://www.seanews.com.tr/korean-shipping-firms-up-for-sale-ahead-of-industry-downturn/196732/