The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

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

Published Tue, Oct 18, 2016 · 12:13 AM
Share this article.

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here