1. Hyundai Merchant Marine considering bid for Hanjin’s Asia-US route operations

Hyundai Merchant Marine considering bid for Hanjin’s Asia-US route operations

South Korean shipper Hyundai Merchant Marine Co Ltd said on Tuesday it is considering submitting a preliminary bid for Hanjin Shipping Co Ltd's Asia-to-U.S. route operations.

By: | Seoul | Published: October 18, 2016 9:30 AM
Hanjin filed for court receivership on Aug. 31 after its creditors cut off financial support for the firm. (Reuters) Hanjin filed for court receivership on Aug. 31 after its creditors cut off financial support for the firm. (Reuters)

South Korean shipper Hyundai Merchant Marine Co Ltd said on Tuesday it is considering submitting a preliminary bid for Hanjin Shipping Co Ltd’s Asia-to-U.S. route operations.

The company had not yet made a final decision, a Hyundai Merchant Marine spokesman said. Hanjin put up the operations, which would include manpower systems, five container ships and 10 overseas businesses, for sale last week.

Hanjin filed for court receivership on Aug. 31 after its creditors cut off financial support for the firm.

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