By Joyce Lee and Keith Wallis SEOUL/SINGAPORE, Oct 18 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd said on Tuesday it may submit a preliminary bid for Hanjin Shipping Co Ltd assets used in Asia-to-U.S. routes – a sale seen as key to Hanjin’s prospects for paying off creditors. Hanjin, the first major shipping […]
The post Hyundai Merchant Marine May Bid for Hanjin’s Asia-U.
Hyundai Merchant Marine is considering bidding for its bigger local rival Hanjin Shipping Co.'s Asia-U.S. route, reports Yonhap. Hyundai Merchant, currently under a creditor-led debt restructuring scheme, is planning to submit a pre...
South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.
Hyundai Merchant Marine Co Ltd said on Thursday it will deploy vessels on routes that bankrupt Hanjin Shipping used to use from South Korea to the United States and Europe,
By Joyce Lee and Keith Wallis SEOUL/SINGAPORE, Sept 5 (Reuters) – South Korea’s Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from dockin...