Independent journal on economy and transport policy
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The shareholders of Korea Line Corporation block the acquisition of the transpacifici services of Hanjin Shipping
the plan is rejected as the South Korean company does not have experience in the field of the containerized marine transport
January 3, 2017
Today the assembly of the shareholders of the society of the company of South Korean navigation Korea Line Corporation (KLC), that it is controlled by group SM, has rejected the plan of acquisition of the services of line between Asia and the United States of the Hanjin Shipping compatriot who last September is placed in controlled administration. To November KLC which preferential offerer for the acquisition of these activities was selected ( on 22 November 2016).
In a note to the Stock exchange of Korea, Korea Line Corporation has specified that the plan is rejected as the company does not have experience in the segment of the containerized marine transport. The company in fact is mainly specialized in the solid and liquid bulk transport and work a fleet of 29 ships constituted by 19 to rinfusiere, eight ships for which liquified natural gas, an oil tanker and a ship garage.
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