SK Shipping and H-Line Asset Swap: 16 LNG Carriers for 12 Tankers + $300 Million, South Korean Shipping Giant Emerges

According to the Zhitong Finance APP, two South Korean shipping companiesSK Shipping and H-Line Shipping (both are holding companies under the private equity firm Hahn & Co.)recently reached an asset swap agreement to merge and establish one of the world's largest operators of liquefied natural gas (LNG) carriers by exchanging vessels and long-term leases.