As South Korean shipping line HMM today formally launched the world’s largest containership, the country’s government outlined an enormous financial package to prop up its maritime industries.
According to a report in The South Korea Herald, the ministry for oceans and fisheries has set aside SKw1.25trn (US$1bn) to help shipping lines, shipyards and other maritime players.
Minister Moon Seong-hyeok said: “The shipping firms are expected to suffer more serious damage after the …
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Source: The Loadstar
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