Hyundai Marine, Hanjin Shipping likely to rank 38th globally after merger
Oct 21, 2016
[THE INVESTOR] A possible merger between South Korea’s No. 2 container liner Hyundai Merchant Marine and its larger local rival Hanjin Shipping appears to be not so lucrative, as it is expected to create an entity ranking only 38th out of 5,000 global vessel operators, according to data from VesselsValue, a UK-based shipping valuation firm. “If HMM & Hanjin merged, they would have a combined fleet value of $2.1 billion,” said Claudia Norrgren, head of public relations at VesselsValue in an emai