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SM Group reverses HMM takeover dream

Samra Midas Group, parent of HMM’s compatriot peer SM Line, has U-turned on its plan to acquire the state’s interest in South Korea’s flagship...

HMM sale saga: SM Group buys more shares as takeover battle intensifies

As the contest to take over HMM intensifies, SM Group, parent of the South Korean flagship carrier’s compatriot peer SM Line, has bought more...

SM Line strengthens hold over HMM with more shares purchased

Samra Midas (SM) group has consolidated its position as HMM’s third-largest shareholder after its subsidiary SM Line bought more HMM shares to grow the...

SM Line ups HMM stake to 5.52%, denies acquisition ambitions

SM group, comprising SM Line and its affiliates, has become HMM’s third largest shareholder after buying a substantial number of shares on 20 June. In...

SM Merchant Marine provides extra capacity to support Korean SMEs

SM Merchant Marine has signed a Memorandum of Understanding (MoU) with the Korea International Trade Association to expand overseas export routes for domestic small...
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Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

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MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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