Hyundai Merchant Marine (HMM), South Korea's second-largest carrier, saw its shares plummet after rumors emerged that the shipping group could be headed for a merger with the country's biggest container carrier, Hanjin Shipping.
HMM's shares dropped 14 percent on the Seoul Stock Exchange to 5,130 Korean won (around USD 4.4) per share, which is the biggest decline for the group since June 2013, reports Bloomberg News.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Odfjell CEO: the chemical tanker upturn is here to stay into 2024
Harald Fotland, Odfjell’s CEO, sees the upturn in the chemical tanker market lasting even longer than he initially expected. Three factors drive this, but a three-headed troll could potentially spoil the good markets, he tells ShippingWatch.
MPC upgrades 2022 guidance after strong first half
MPC Container Ships reports continued advancement inQ2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.
Concordia CEO after terrible year: "We are in a very strong market cycle right now"
Swedish carrier Concordia Maritime has turned a years-long downswing around and is now making money. In an interview with ShippingWatch CEO Erik Lewenhaupt expresses optimism about the future: ”We have turned a corner. That is a relief.”
Norden books "fantastic" second-quarter result
Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.
Torm bags USD 107m profit after doubling TCE rates
Product tanker carrier Torm multiplies its second-quarter earnings after TCE rates have doubled compared to the same period last year.
Head of Airfreight 
Experienced Bunker Trader - Tønsberg/Oslo 
Assistant Fleet Superintendent 
Senior Bunker Trader - Copenhagen 
Senior Associate – Group Strategy Office 
A lawyer (chief consultant) is wanted for People & Culture 
Logistics coordinator with responsibility for our shipping activities 
Legal secretary for Shipping / Offshore / Transportation 
Operations Manager for B-Gas A/S in Copenhagen 
Operations Controller – Weco Tankers