Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the running of Hanjin Shipping’s transpacific operations.
A total of five companies have submitted bids for a court in Seoul to take over the business.
Hanjin filed for bankruptcy at the end of August and has since tried to reposition itself as an intra-Asia carrier, willing to sell its Europe and American operations in a desperate bid to appease judges at a court in Seoul when it submits its rehabilitation plan in December.
“We hope Hanjin assets will help enhance our competitiveness on major routes,” HMM said in a statement.
