The Business Times
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Hyundai Merchant Marine considering bid for Hanjin's Asia-US route operations

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Published Tue, Oct 18, 2016 · 12:13 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [SEOUL] 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-US 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.

    REUTERS

    Hyundai

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