SEOUL Hanjin delivery Co Ltd (117930.KS) is in talks to
promote its stake inside the lengthy seaside Terminal in California to
Geneva-based Mediterranean delivery organization S.A.(MSC), a spokesman for the
Seoul court overseeing the shipper's receivership stated on Friday.
Hanjin transport owns a 54 percent stake in overall
Terminals international LLC, which operates lengthy seaside Terminal inside the
U.S. MSC owns the remaining forty six percent.
It has appointed an consultant, an distant places firm that
specialize in transport industry talks, to assist with the negotiations, the
court spokesman said.
Hanjin, the primary essential shipping line to be dragged
down by way of global industry overcapacity and coffee freight prices, placed
up other property which includes its U.S.-Asia path manpower and logistics
systems, five container ships and 10 remote places agencies, on the market
earlier this month.
Hyundai service provider Marine Co Ltd (011200.KS) stated it
is considering submitting a preliminary bid for Hanjin property used in its
U.S.-Asia routes, however possibilities for extra hobby are doubtful.
Hanjin, which filed for court docket receivership on Aug. 31
after its lenders reduce off economic guide for the firm, had overall debt of
6.03 trillion won ($5.4 billion) as of give up-June.
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