Hyundai Merchant Marine says it may bid for Hanjin's Asia-U.S. route assets

Hyundai Merchant Marine says it may bid for Hanjin's Asia-U.S. route assets
 

South Korea's Hyundai Merchant Marine Co Ltd said on Tuesday it may submit a preliminary bid for Hanjin Shipping Co Ltd assets used in Asia-to-U.S. 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.
Shipping sources in South Korea have said that potential interest in the assets is unclear, particularly for the manpower and logistics systems that... read more

 
18 October 2016 in Business, Views: 42
Source: Reuters
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