Msc, the World's Largest Shipping Company, Is Pursuing the Acquisition of a 50% Stake in Janggeum Maritime, a Major Player in the Oil Tanker Business.

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MSC, the world's largest shipping company based in Switzerland, is set to acquire half of the shares of a key subsidiary of the Korean shipping company Jang Keum Group and engage in joint management. Amidst the crude oil crisis originating from Iran, the emergence of a "giant shipping company" in the Very Large Crude Carrier (VLCC) market is being evaluated as a deal that could fundamentally change the landscape of the shipping industry. Accordi…

ddaily.co.kr

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Ownership

[Digital Daily Reporter Choi Min-ji] MSC, the world's largest shipping company based in Switzerland, is acquiring half of the shares of Jang Keum Maritime, an affiliate of Jang Keum Shipping Group responsible for the group's oil tanker business. According to major foreign media outlets such as Reuters on the 19th (local time), MSC announced through a filing in Cyprus that it plans to acquire a 50% stake in Jang Keum Maritime through SAS, a subs…