The Korean shipowner saw its stock price leap by close to the daily limit of 15% to end the day at KRW 11,600 each ($11).

HMM announced on Friday it had raised over $50m from offloading containers but its parent group has said it is targeting asset sales of up to $3.1bn to ease a return to financial health.

The sale of a container terminal is also on the cards, HMM says.

HMM