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Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Photo: PR / Port of Hamburg

South Korean container line HMM, a state-owned company since 2016, reportedly stands to be privatized next year, writes analyst firm Alphaliner in its weekly newsletter.

For a while now, there have been rumors regarding weather the South Korean state wanted to hand off its engagement in the carrier. As late as on Monday, the carrier declined to comment on the matter to ShippingWatch, just as the state-owned Korea Development Bank (KDB) hasn't responded to an inquiry from the media.

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