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[Alpha Biz=(Chicago) Reporter Kim Jisun] HMM, which is pushing for the sale of the company, has significantly strengthened its portfolio of existing businesses, drawing keen attention to the background.
HMM maintained its container ship and bulk carrier sales at 6 to 4 or 5 to 5 until the early 2000s, but reducing the size of its bulk carrier business to overcome corporate liquidity simplified its portfolio and increased volatility in its performance due to the container ship market.
In order to reduce this situation, HMM will greatly increase bulk carrier holdings and expand sales in the long run. In addition, the pace of the sale of HMM will be faster if the business is diversified to lay the foundation for generating stable profits despite market fluctuations in certain areas.
According to the shipping industry on the 3rd, Splash 247, a Singaporean shipping media, said HMM recently acquired New Castle Max, a large bulk carrier owned by Germany's Oldendorf Carriers, for 60 billion won.
The acquisition of the bulk carrier was carried out as part of its mid- to long-term management strategy. HMM plans to secure 1.2 million TEU eco-friendly fleets by 2026, while expanding the bulk carriers to 55. The cost of this is close to 15 trillion won.
As of the first quarter of this year, HMM had a total of 32 bulk carriers, including 15 oil tankers, 13 dry goods ships and four multipurpose ships. By 2026, the company plans to increase the number of Wet Bulks to 25 and 30 dry bulks (dry bulk).
Meanwhile, five groups, including LX, Harim, Dongwon, SM Group and Global Seah, are showing great interest in the acquisition of HMM. Hyundai Motor Group, POSCO Group and CJ Group, other candidates for the acquisition, have yet to say whether they will participate in the acquisition.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
