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Tag Archives: a South Korean shipping line

SM Group withdraws bid to buy Hanjin Shipping’s U.S. terminal

SM Group, a mid-sized business conglomerate that owns South Korea’s No. 2 bulk carrier Korea Line Corp., has withdrawn its bid to buy a stake in Hanjin Shipping Co.’s U.S. port terminal after struggling to raise funds for the bid, industry sources said Tuesday. As SM Group abandoned its status as the preferred bidder on a 54-percent stake in the ...

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