South Korea supports Hyundai Merchant with more than USD 600 million

Maersk Line and MSC's South Korean collaboration partner Hyundai Merchant Marine will get a majority of the funds made available by the South Korean government to support the country's shipping and shipyard sector. The funds will be used to order new vessels, among other things.

by TOMAS KRISTIANSEN

The 2M alliance's important partner on not least the Pacific, South Korean Hyundai Merchant Marine (HMM), has been awarded a share of the large funds earmarked by the country's government to support the ailing shipping and shipbuilding sector.

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