Hanjin Shipping is selling its Seattle terminal to Mediterranean Shipping Company (MSC), according to the Seattle Times.
The deal is in addition to MSC’s buyout of Hanjin’s stake at a terminal in Long Beach. MSC will take over Seattle’s Terminal 46 via its Luxembourg affiliate, Terminal Investment Limited, a company that has interests in 30 ports around the world.
Since it filed for court receivership at the end of August, South Korea’s Hanjin has offloaded most of its assets. Its containership fleet, once the seventh largest in the world, now stands at just 44,321 slots.