HMM may be sole bidder for Hanjin Asia-US network

hanjin-dallas

By Gavin van Marle

27/10/2016

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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Topics

Bankruptcy Blues Hyundai Merchant Marine The fall-out from Hanjin Transpacific Trade 2M Asia-North Europe Calculating Capacity CMA CGM Hapag-Lloyd Rates - the eternal tango Supply & Demand THE Alliance

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