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Media: South Korea will get a new container carrier

SM Group, which is in the process of acquiring Hanjin's route network between Asia and the US, is considering establishing a new container carrier under the name SM Shipping. It has until now been thought that SM Group would place the network under its carrier Korea Line.

SM Group, which owns Korea Line, will according to Korean media establish a new container carrier under the name SM Shipping. | Photo: Korea Line

South Korea could be getting a new container carrier in the wake of the collapse of Hanjin Shipping.

Local media report that the South Korean conglomerate SM Group, which is in the process of acquiring Hanjin's Asia-US route network, is working to establish a new container carrier under the name SM Shipping.

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