HMM and Korea Line vie for Hanjin’s US assets

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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