Hyundai Merchant sells ten container vessels to the state
Entirely as expected, Hyundai Merchant Marine is selling ten container vessels to the South Korean state, which will then lease them back to the South Korean container carrier right away. The transaction is financed with a combination of cash, shares, and bonds, reports Yonhap.
Hyundai Merchant Marine (HMM) is now tapping into the shipping fund established by the South Korean government.
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