Corea del Sur Aumenta su Participación en HMM, Reactivando Especulaciones sobre Privatización según Alphaliner
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South Korean mainline operator HMM is issuing KRW720 billion (US$592.3 million) in convertible bonds, raising funds for capital investments in new containers as well working capital for the company.
The bonds will be issued to its largest shareholders, Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC). The funds will finance capital investments, including ordering new containers at KRW400 billion (US$329 million). Another KRW320 billion (US$263.1 million) will be used as...
https://container-news.com/hmm-launches-us592m-bond-issue-for-new-containers-working-capital/
Amid the COVID-19 outbreak, South Korea’s Ministry of Oceans and Fisheries plans to provide around KRW60 billion (US$ 51 million) in loans and incentives to stevedoring companies, port operators and liner operators that are affected by the plunge in container shipments from China.
Should the situation persist over the next three months, the loans will be disbursed to companies that apply for the financial aid.
With regard to liner operators, the financial assistance will be in the form of ship...
https://container-news.com/seoul-launches-aid-package-for-covid-19-hit-container-sector/