The Seoul Economic Daily cited investment banking officials as saying the two have submitted a letter of intent (LOI) to buy the dry cargo vessels.
Six or seven private equity funds including IMM PE and Hahn & Co have also lodged LOIs.
The value of the business is likely to be between KRW 300bn and KRW 350bn ($314.55m).
A spokesperson for HMM confirmed to TradeWinds that bulkers with long-term contracts to importers like Posco are on the market.
But
