• DATVF.ATLPHL
    1.712
    -0.101
    -5.6%
  • DATVF.CHIATL
    2.073
    0.027
    1.3%
  • DATVF.DALLAX
    0.990
    0.045
    4.8%
  • DATVF.LAXDAL
    1.500
    0.084
    5.9%
  • DATVF.SEALAX
    0.982
    -0.030
    -3%
  • DATVF.PHLCHI
    1.154
    0.085
    8%
  • DATVF.LAXSEA
    2.136
    0.044
    2.1%
  • DATVF.VEU
    1.646
    0.003
    0.2%
  • DATVF.VNU
    1.483
    0.024
    1.6%
  • DATVF.VSU
    1.245
    0.064
    5.4%
  • DATVF.VWU
    1.559
    0.007
    0.5%
  • ITVI.USA
    9,370.690
    -10.770
    -0.1%
  • OTRI.USA
    7.400
    -0.170
    -2.2%
  • OTVI.USA
    9,360.730
    -4.720
    -0.1%
  • TLT.USA
    2.750
    -0.010
    -0.4%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
  • DATVF.ATLPHL
    1.712
    -0.101
    -5.6%
  • DATVF.CHIATL
    2.073
    0.027
    1.3%
  • DATVF.DALLAX
    0.990
    0.045
    4.8%
  • DATVF.LAXDAL
    1.500
    0.084
    5.9%
  • DATVF.SEALAX
    0.982
    -0.030
    -3%
  • DATVF.PHLCHI
    1.154
    0.085
    8%
  • DATVF.LAXSEA
    2.136
    0.044
    2.1%
  • DATVF.VEU
    1.646
    0.003
    0.2%
  • DATVF.VNU
    1.483
    0.024
    1.6%
  • DATVF.VSU
    1.245
    0.064
    5.4%
  • DATVF.VWU
    1.559
    0.007
    0.5%
  • ITVI.USA
    9,370.690
    -10.770
    -0.1%
  • OTRI.USA
    7.400
    -0.170
    -2.2%
  • OTVI.USA
    9,360.730
    -4.720
    -0.1%
  • TLT.USA
    2.750
    -0.010
    -0.4%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
American Shipper

Hanjin to buy shares in S-Oil

Hanjin to buy shares in S-Oil

Seoul-based Hanjin Group, whose affiliates include ocean carrier Hanjin Shipping and airline Korean Air, have agreed to purchase 31.98 million treasury shares of S-Oil, representing 28.41 percent of the total issued common stock of South Korea’s third-largest refiner.

   Hanjin Energy Co. Ltd., a special purpose company established today, would conduct the purchase, which is subject to governmental approval.

   Hanjin Shipping will invest about Won150 billion ($157 million) in S-Oil through the participation in rights offering.

   “Hanjin Shipping is expected to benefit from the transaction by securing a stable supply of fuel from S-Oil, while seeking to cooperate with the oil company in order to provide transportation services to S-Oil in return,” Hanjin said in a statement.

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