Carriers

Blackrock considers investing in South Korean HMM

US asset manager Blackrock is considering investing in South Korea's largest container carrier, report several media.
Photo: Hyundai Merchant Marine
Photo: Hyundai Merchant Marine
by OLE ANDERSEN

Hyundai Merchant Marine (HMM), South Korea's largest container carrier after Hanjin Shipping's bankruptcy last year, is negotiating with US asset manager Blackrock for a capital injection of up to USD 880 million, reports Reuters, referring to Korea Economic Daily which has spoken with sources in the investment and maritime industries.

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