As of March 2007, Hyundai Engineering and Construction is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of Hyundai Group.
The Island Princess operated as part of the Princess fleet until 1999, when she was sold on to Hyundai Merchant Marine of South Korea.
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With a total deadweight capacity of over 4 million tonnes, the vessels enter into long-term charters with strong counterparties around the world, such as BP Shipping, COSCO (China), Hyundai Merchant Marine (S.Korea), Maersk Line, Royal Dutch Shell, ExxonMobil, Chevron, Total (France), Repsol, Statoil (Norway), Pemex (Mexico), Petrobras (Brazil), Cepsa (Spain).