Article: BRIEFING - ASIA SHIPPING - MARCH 31, 2009.

An executive briefing on shipping for March 31, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

HYUNDAI HEAVY, TWO OTHERS VYING FOR ACQUISITION OF HYUNDAI CORP

SEOUL - Hyundai Heavy Industries Co. (KSE:009540) and two other companies on Tuesday submitted preliminary bids for Hyundai Corp., a South Korean trading company, industry sources said.

BNG Steel Co. and Q Capital Partners Co. also separately submitted letters of intent for more than a 50 per cent stake in Hyundai Corp., according to the sources.

JAPAN GRANTS US$10.2 ...

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