Hapag-Lloyd Frozen Out Of Second-Round Bidding

South Korean authorities have excluded Hapag-Lloyd from the second round of bidding to acquire flagship carrier HMM, says an article published on the loadstar.

Reports claim the creditor banks involved in the sale of HMM, Korea Development Bank and Korea Ocean Business Corp, took note of the country’s maritime community and ruled out Germany’s largest carrier as a potential suitor.

In a joint statement, the Federation of Korea Maritime Industries...

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