Mediterranean Shipping Company (MSC) is in discussions with troubled Hanjin Shipping to buy the Korean’s stake in a box terminal at Long Beach in California.
Hanjin Shipping owns 54% of Total Terminals International, with MSC owning the remaining 46%.
As Hanjin rushes to try and save itself ahead of a court-imposed deadline of December 19 to submit its rehabilitation plan, plenty of other assets are up for sale including its transpacific operations, five 13,000 teu ships, and another terminal in Spain.
Source: Splash 24/7
Source: Splash 24/7