The boxship merger between Korea's Sinokor Merchant Marine and Heung-A Shipping will be finalised in October.
A deal to unite their container shipping services was signed last week, according to the ministry of oceans and fisheries and the Korea Ocean Business Corp (KOBC) fund, the Maeil newspaper said.
The two companies had previously teamed up with compatriot HMM on intra-Asian containership services in 2017.
