South Korea’s SK Shipping Likely to be Sold: Reports

South Korea’s SK Holdings Co., the holding entity of the SK Group, plans to sell a majority of its stake in SK Shipping to local private equity firm Hahn & Co. for an estimated $ 1.3 billion, it is learnt. The SK Group is a large family-owned business conglomerate in South Korea. Founded in 1982
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South Korea’s third largest conglomerate SK Group is moving to shed its shipping business SK Shipping Co. amid worsening financial conditions of the unit and the government’s regulations on intra-affiliate transactions by large business groups. SK Holdings Co., the holding entity of SK Group, is reportedly seeking to sell a majority of its stake in
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SK Energy International secured approval on Monday from Singapore’s Maritime Port Authority to offer 0.1% ultra-low sulfur fuel oil bunker fuel with an MPA-approved mass flow meter system from August 9, a company source said Tuesday. The MT Wisdom, which was chartered by SK for ULSFO delivery, is the first and the only MPA-approved MFM
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