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State bank pledges huge loans to South Korea's shipping sector

The Export-Import Bank of Korea now sets a figure for how much money the bank is prepared to put up in loans and guarantees to the country's shipping sector. The move is part of the government's large-scale rescue plan.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

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Damco maneuver could cost jobs among regional leadership

A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.

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