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State bailouts are useful, if you can get one

Government aid to South Korea carrier HMM may have been frowned upon by the association that represents the Danish shipping industry, Danish Shipping, but state support is not a simple matter of discerning black or white in the competition landscape of container shipping

While the South Korean government pouring cash into HMM is deemed as a market distortion by some competitors, its alliance members may well appreciate the results the money has brought

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