Korea Development Bank doubles its stake in HMM
KOREA : Korea Development Bank (KDB), which is already the largest shareholder of HMM, will double its stake in South Korea’s flagship liner operator by changing KRW300 billion (US$265.3 million) of convertible bonds into
India to be second fastest growing economy after China this year
MUMBAI : The World Bank positively projected that the Indian economy will grow at 8.3% for the financial year 2021-22. It is to be noted that despite the crippling impact of the second wave,
HMM confirms a dozen 13,000TEU vessels order
HMM has signed newbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve 13,000TEU container ships. The total cost of the new container vessels is US$1.57 billion, according