H-Line Shipping seafarers threaten strike

Seafarers from South Korean LNG and dry bulk shipping company, H-Line Shipping, are demanding better salaries and benefits.

H-Line Shipping comprising the long-term LNG and dry bulk shipping portfolios of the now-defunct Hanjin Shipping, was bought out by private equity investor Hahn & Company in 2014, two years before Hanjin Shipping collapsed.

On 11 July, the seafarers, supported by the Federation of Korean Seafarers’ Union, held a gathering outside Hahn & Company’s headquarters in Seoul. The...

https://container-news.com/h-line-shipping-seafarers-threaten-strike/

Hana Financial, Hahn & Co. Team Up for A W1.8tr Bulk Carrier Purchase!

  • Hahn & Co. and Hana Financial Group have agreed to buy a 100 percent stake in H-Line Shipping for 1.8 trillion won ($1.45 billion).
  • The two firms will create a project fund for the leveraged buyout of H-Line Shipping, which is now fully owned by another fund of Hahn & Co. Under the plan, nearly 45 percent of the acquisition cost will be leveraged.
  • The move is aimed at shifting H-Line Shipping’s shareholders into long-term investors, a Hahn & Co. This will mark the first buyout deal that Hana...

https://mfame.guru/hana-financial-hahn-co-team-up-for-a-w1-8tr-bulk-carrier-purchase/