Race on to snap up nation's hot shipping stocks.

(From Lloyds List)

Byline: The trend reflects a shipping sector that has been through hard times and now matured into profit-chasing companies, writes Sam Chambers

NEVER before have foreigners flocked in such numbers to snap up Korean shipping equity.

Seoul stock listed maritime companies are incredibly hot property as investors rush to cash in what they feel are comparatively undervalued stocks especially during the third quarter, traditionally shipping's strongest quarter.

The reform minded administration of Roh Moon-hyun has lowered the previously unassailable protective barriers.

Korea Line employees have watched as John …