MSC joins new Asia-Europe GRI bid as contract talks loom
MSC has joined rivals CMA CGM and Hapag-Lloyd in announcing a substantial FAK (freight all ...
Today’s news on Hanjin’s bankruptcy comes from South Korean newswire Yonhap, which reports that Hyundai Merchant Marine (HMM) might be the only the only bidder for Hanjin’s transpacific operations, put up for sale in the desperate hope of raising some cash. Such is the industry overcapacity however, that few other lines seem interested in acquiring seven overseas offices and five containerships. Initial bids are due tomorrow, with a final round of bidding scheduled for 7 November.
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