By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
OOLP Maritime World NewsOOLP Maritime World News
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Reading: M&As in Shipping Industry Slower in South Korea
Share
Notification Show More
Latest News
Former Ryndam Starts Drydock Ahead of Celestyal Debut
Cruise
Eastern Pacific Shipping taps GSI for more LNG dual-fuel tankers
Global Maritime News
Gelen Marine Celebrates 10th Anniversary
Cruise
China May soybean imports hit record 12 million metric tons
Shipping news
Fujairah’s fuel oil inventories rise 4% this month
Port news
Aa
OOLP Maritime World NewsOOLP Maritime World News
Aa
Search
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Follow US
© 2022 - All Rights Reserved. OOLP News.
OOLP Maritime World News > Shipping news > M&As in Shipping Industry Slower in South Korea
Shipping news

M&As in Shipping Industry Slower in South Korea

Last updated: 2023/02/20 at 12:02 PM
99 Views
Share
2 Min Read
SHARE


Samil PwC said in its report on Feb. 13 that the domestic shipping industry can realize economies of scale through mergers and acquisitions (M&As) and discover new growth engines through business diversification.

According to the report, a total of 12 M&A deals worth 19.73 trillion won in total were signed in the global shipping industry last year.

By contrast, in the domestic shipping industry, Consus Asset Management’s investment in Polaris Shipping was the only investment deal last year. Consus Asset Management formed a consortium with Polar Energy & Marine, the largest shareholder in Polaris Shipping, and acquired the second-largest shareholders’ shares for 160 billion won. The asset management company planned to acquire shares from the largest shareholder as well, but its funding failed and it put its shares up for sale in just six months.

- Sponsored Ads -

“For the past five years, global shipping companies have focused on M&As for business expansion and diversification, that is, to cover land and air logistics and related businesses and services such as e-commerce and customs clearance,” Samil PwC said, adding, “On the other hand, M&As in the domestic shipping industry have been limited to PEF investment and acquisition of logistics companies.”

Yet, the report notes that the landscape of the domestic shipping industry could be changed through M&As as the government has begun the process of selling HMM, the largest shipping company in Korea with a value of 10 trillion won.
Source: Business Korea



You Might Also Like

China May soybean imports hit record 12 million metric tons

VLSFO cash premium extends slide on selling interest

China May coal imports fall on tepid demand, high inventories

Lasse Kristoffersen wins WISTA Norway Leadership Award 2023

admin February 20, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Previous Article NorthStandard opens for business – Splash247
Next Article Foreign container ships face delays in waiver certification
- Advertisement -

Latest News

Former Ryndam Starts Drydock Ahead of Celestyal Debut
Cruise June 8, 2023
Eastern Pacific Shipping taps GSI for more LNG dual-fuel tankers
Global Maritime News June 8, 2023
Gelen Marine Celebrates 10th Anniversary
Cruise June 8, 2023
China May soybean imports hit record 12 million metric tons
Shipping news June 8, 2023

OOLP maritime news is a portal that gets latest updates and happenings from the maritime & cruise industry across the globe.

Top maritime stories

Global maritime news

International shipping news

Cruise news

Maritime ports

Security and piracy

About OOLP news

Contact us

Live maritime traffic

Events

Blog

Follow US

© 2023 - All Rights Reserved. OOLP News.

  • Cookie Policy
  • Terms & Conditions
  • Disclaimer
  • Privacy Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?