HMM to acquire SK Shipping (terminated)

SI Logistics Shipping (tankers, gas carriers, bulk)

Deal value: —
Stake: —
Implied 100%: —
Revenue: $1.4bn
Op. income: $273m
Multiples: —

DART 20250331001522

Target: SK Shipping · Shipping (tankers, gas carriers, bulk)
Buyer: HMM · SI
Seller: Hahn & Company
Structure: —
Announced: Feb 20, 2025
Closed: —
Stage: Terminated

Target

Shipping company operating crude and product tankers, LNG and LPG carriers, bulk carriers and LNG bunkering vessels; acquired by Hahn & Co in 2018 for about KRW 1.5tn (SBS Biz).

Deal rationale

HMM pursued acquisition of parts of SK Shipping (excluding LNG carriers) "to move beyond a container-centered structure and add a bulk fleet to its portfolio," and disclosed the collapse of talks on Aug 4, 2025 (Segye Ilbo). Segye reported the main cause was a price gap, with Hahn & Co seeking about KRW 4tn versus up to KRW 2tn considered by HMM; SBS Biz reported Hahn & Co bought SK Shipping in 2018 for about KRW 1.5tn and had since divested non-core units and aging vessels.

신사업 진출PE 회수(펀드 만기)

Revenue	$1.4bn
Operating income	$273m
EBITDA	—
Net income	—

2024 연결 · DART-verified · 20250331001522

Press coverage

딜사이트 (2025-02-20): “매각 대상으로는 SK해운 소유 선박과 일부 영업권이 거론된다.”
SBS Biz (2025-08-01): “인수가 등에서 한앤코와 견해차를 좁히지 못한 것으로 전해집니다.”
세계일보 (2025-08-05): “한앤코는 SK해운의 몸값을 4조원대로 제시한 반면, HMM은 최대 2조원 수준의 투자를 검토”

This is a data entry summarising filings and press reports. Please check the original sources for the figures.