Hyundai Merchant Marine, South Korea's No. 2 shipping line by sales, said on Monday it was mulling over selling its oil-carrier business unit to improve its financial footing.
"We are considering selling the oil carrier division (composed of five to six oil carrier ships) to secure liquidity and improve financial health. But nothing has been decided yet," the company said in a regulatory filing.
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Hyundai steel products (Yonhap) |
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