Korea's SM Group is eyeing further shipping expansion through a move to control Korea Ship Finance (KSF).
The Asiasis website cited industry sources as saying the company is the preferred bidder to acquire restructuring shipbuilder DSME's 35.29% stake.
It will also pursue the 27.06% owned by another restructuring yard, STX Offshore & Shipbuilding, to become the majority owner.
SM wants KFS to secure new investment in its shipping business.
