Hyundai Merchant Marine Considering Hanjin Route

Shipping sources in South Korea have said that potential interest in the assets is unclear, particularly for the manpower and logistics systems that established shippers already have. But they added that the networks and systems could be valuable to a newcomer looking to enter the shipping industry. Likely valuations for the assets were not immediately known.

A bid by Hyundai Merchant Marine would be looked on favourably by the South Korean government if it helps Hyundai Merchant Marine expand market share or normalise its business, government sources have said.

A Hyundai Merchant Marine spokesman said that while the firm was considering the bid it had not made a final decision.

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