[Featured Stock] Heung-A Shipping Rises on Expectations of Relief in US Logistics Crisis

[Asia Economy Reporter Park So-yeon] Heung-A Shipping is showing strength amid expectations of resolving the US logistics crisis.

As of 9:23 AM on the 15th, Heung-A Shipping is trading at 4,760 KRW on the KOSPI market, up 795 KRW (20.05%) from the previous day.

Heung-A Shipping was established in 1961 and listed on the KOSPI market in 1976.

The company primarily engages in maritime transportation of container cargo and liquid petrochemical products in the Asia region. Additionally, it operates container yard leasing and real estate leasing businesses.

As of the semi-annual report date in June 2021, among the affiliates directly invested by the company, 12 affiliates are operating normally. Eight are domestic and four are overseas. The market capitalization is 1.1208 trillion KRW, ranking 221st on the KOSPI.