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HMM to impose fuel surcharge, issues $883m long-term bonds

Korea Development Bank will buy Won400bn of convertible bonds and Won600bn of warrant bonds, both with a maturity of 30 years, and then sell 50% of them to Korea Ocean Business Corp. The deal comes as South Korean carrier strives to scale up by ordering large new ships

HMM has also said it will be introducing a fuel surcharge to offset rising fuel costs ahead of the IMO 2020 sulphur cap


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