SEOUL: Hyundai Merchant Marine Co, South Korea’s biggest sea carrier, said it will post losses through the first half of 2018 as the container-shipping industry attempts to recover from Hanjin Shipping Co’s bankruptcy and years of excess capacity.
As a hedge against adverse conditions plaguing shipping, Hyundai Merchant has initiated talks to invest in box terminals in South-East Asia, chief executive officer Yoo Chang-keun, 64, said in an interview Monday.
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