© Gino Rigucci |seattle
© Gino Rigucci

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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