SM Line launches bid to take over Hanjin Heavy

SM Line, the four-year-old Asian containerline, is one of three local bidders keen to acquire South Korea’s oldest shipbuilder, Hanjin Heavy Industries and Construction (HHIC). HHIC’s main creditor and largest shareholder, state-owned Korea Development Bank (KDB), said this week three Korean consortiums have made bids for the yard, two of which are led by local …

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