- Hyundai LNG Shipping up for sale and may go back to its former owner HMM
- HMM is likely to make a bid for Hyundai LNG Shipping as it has the capacity to buy back its former unit
Hyundai LNG Shipping Co. is placed up for sale and may go back under its former owner HMM Co. meanwhile South Korea’s sea flag carrier enjoying a heyday in demand says an article on Pulse.
Hyundai LNG Shipping up for sale
IMM Private Equity Inc and its affiliate IMM Investment Corp. reportedly are in process of studying a list of prospective buyers for Hyundai LNG Shipping, a chemical gas transportation company they acquired from HMM, formerly Hyundai Merchant Marine, for about 1 trillion won ($857 billion) in 2014 amid parent Hyundai Group’s liquidity trouble.
HMM is likely to make a bid
Now seems to be the perfect time to sell Hyundai LNG Shipping as the global shipping market is booming on surging demand and shipping rates, observed an industry expert. HMM is likely to make a bid for Hyundai LNG Shipping as it has the capacity to buy back its former unit.
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Source: Pulse
