FMC dismisses shipper complaint against HMM
The US Federal Maritime Commission (FMC) has found in HMM’s favour, following a complaint filed ...
© Gino Rigucci
By Alex Lennane
Hyundai Merchant Marine (HMM) is to buy a 20% stake in Hanjin’s US port terminal operator, Total Terminals International, for $15.6m.
A US court has given its approval for the purchase, which would make HMM the second largest shareholder in TTI, after MSC. TTI operates terminals at Seattle and Long Beach.
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