COSCO Shipping Eyeing Hanjin Shipping’s Port Assets

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Caixin: China’s COSCO Shipping may consider buying Hanjin Shipping’s port assets

cosco

China’s COSCO Shipping Co Ltd may consider buying the port assets of troubled South Korean firm Hanjin Shipping Co Ltd, Chinese online finance magazine Caixin reported on Wednesday.

But COSCO Shipping has no plans to buy the world’s seventh-largest container carrier ships, Caixin cited the Chinese firm’s Chairman Xu Lirong as saying.

Hanjin Shipping collapsed last month.  Earlier on Wednesday, a South Korean court said it has not yet decided whether a sale of the company is necessary.

(Reporting by Beijing Monitoring Desk and Paul Carsten; editing by Susan Thomas)

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Source: Reuters

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