Hyundai Merchant Mulls Acquiring Shipping Terminals in Indonesia and Vietnam

- , 23/01/2017, 18:04
South Korea’s Hyundai Merchant Marine Co. (HMM) is gearing up to take over shipping terminals in Indonesia and Vietnam in a bid to expand its presence in the global market. HMM is now the country’s leading container carrier after once the world’s seventh largest shipper Hanjin Shipping Co. was put under court receivership.
HMM will employ a “two-track strategy” of acquiring stakes in shipping terminals in emerging countries such as Indonesia and Indonesia while the HMM+2K alliance will construct new ports at the regions where cargo handling will be concentrated, said Yoo Chang-keun, chief executive officer of HMM in an interview with Maeil Business Newspaper on Tuesday (10 Jan).