HMM enters due diligence to acquire SK Shipping

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.

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