SEOUL: South Korea’s Hyundai Merchant Marine Co Ltd said it may submit a preliminary bid for Hanjin Shipping Co Ltd assets used in Asia-to-US routes - a sale seen as key to Hanjin’s prospects for paying off creditors.
Hanjin, the first major shipping line to be dragged down by global industry overcapacity and low freight rates, put up manpower and logistics systems, five container ships and 10 overseas businesses, for sale last week.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
