Independent journal on economy and transport policy
14:32 GMT+2
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South Korea's SM Merchant Marine Co. is preparing an initial public offering
It is expected to be listed on the Korean Stock Exchange by the end of the year
January 26, 2021
By making known the intention to list, the containerised navigation highlighted the recent remarkable increase in its performance, also supported by the collaboration with the 2M alliance made up of the two leaders of the the Maersk Line and the Mediterranean Shipping Company (
of the 13th February 2020). Growth expected to continue this year, with an annual financial year 2021 for which it is expected operating profit of 200 billion won (181 million won) dollars) compared to that of 140 billion won recorded in 2020.
"With the IPO- explained the CEO of SM Merchant Marine, Kee Hoon Park - we will secure a base for the growth, we will improve the transparency of management and we will make a leap forward as a reliable company."
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