As well as taking on Hanjin’s transpacific operations for $31.5m, SM Group, which owns bulker outfit Korea Line Corp, has got brokers scouring for tonnage around the world, principally in feeder, 4,500 teu and 6,500 teu sizes. Broking sources tell Splash it has made its first foray for feeder tonnage, snapping up the 10-year-old Chinese built Perla for $4.5m. The 1,098 teu ship was owned by Germany’s Laeisz Reederei.
SM, which traditionally has been in construction, has developed a new brand, SM Line, to further its container ambitions. As well as the transpacific it is looking at becoming a noteable player on the intra-Asia trades and is in discussions with Korean peers, HMM, Sinokor and Heung-A to join their recently announced regional trade consortium.
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