HMM will not be sold to the Harim Group-JKL Partners consortium, after talks with the South Korean flagship carrier’s state-controlled shareholders, Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC), fell through after midnight Seoul time today (7 February).
After seven years of being under state control following a debt-for-equity swap to avert bankruptcy, it appeared that HMM would have a new owner in December 2023, when the Harim-JKL consortium was favoured over 3PL...