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HMM and Korea Line vie for Hanjin’s US assets
It’s come down to a straight shot between Hyundai Merchant Marine (HMM) and Korea Line Corp for the assets of Hanjin Shipping’s US operations, including five 6,500 teu ships and a stake in a terminal in Long Beach.
The two Korean bids are now being looked at by a court in Seoul, which is overseeing Hanjin’s bankruptcy. The winning bid will likely be announced by as early as Monday.
Many more Hanjin assets are for sale across the world in the wake of the biggest bankruptcy in container shipping history.