Harim: "Overcoming Shipping Industry Downturn Through Synergy with HMM and Pan Ocean"

Selected as the Preferred Negotiation Partner for HMM Acquisition

Harim Group, selected as the preferred bidder for the management rights sale of HMM, the largest shipping company in Korea, plans to do its best to complete the remaining procedures through sincere negotiations with the seller and to sign the final contract.

Harim Holdings, the holding company of Harim Group, issued a statement on the morning of the 19th, saying, "We received notification last night from the seller of HMM's management rights that we have been selected as the preferred bidder," and added, "We will do our best to complete the remaining procedures and sign the final contract through sincere negotiations with the seller as the preferred bidder."

They also revealed their vision after acquiring HMM. Harim Holdings stated, "We will enhance HMM's global competitiveness by creating synergy with Pan Ocean, a bulk-specialized shipping company," and expressed their determination to "develop HMM into a stable and trusted national shipping company." They further explained, "HMM and Pan Ocean can form an ideal portfolio with container, bulk, and specialized vessels," and "With the market supply-demand and price fluctuation response capabilities accumulated by both companies, we can sufficiently overcome any global shipping market downturn."

Harim Holdings did not disclose the bid price or detailed negotiation terms due to a confidentiality agreement with the seller.

This content was produced with the assistance of AI translation services.