Korean private equity firm Hahn & Co has chosen HMM as the preferred bidder for the majority stake sale in SK Shipping, with due diligence underway. HMM’s bid of KRW2trn for a 71.43% stake in SK Shipping falls below Hahn & Co’s valuation, potentially indicating HMM’s willingness to forgo LNG carriers. SK Shipping operates a fleet of 62 vessels, including LNG carriers, LPG carriers, crude tankers, product tankers, and bulk carriers.
Full Article
Commentary: Endangered eels in unagi dishes reflect deeper issues in seafood industry
SINGAPORE: The conservation status of grilled eels is raising concerns as studies reveal that most unagi sold in Singapore contains endangered freshwater eels, contributing to the decline of species like the American eel. With 75% of seafood consumed in Singapore deemed unsustainable and ambiguous labeling practices complicating identification, consumers are encouraged to inquire about the origins and sustainability of their seafood choices. Need More Context? 🔎
Read more