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Hyundai Merchant Marine (HMM) has continued to pick at the bones of erstwhile compatriot Hanjin, today announcing the acquisition of more of its terminal network.
HMM said it had agreed to pay W15bn ($13.15m) for Hanjin Pacific Corporation’s container terminals in Tokyo and Kaohsiung. The price includes purchase and a security deposit on the lease of Tokyo port.
Hanjin Pacific Corporation, was 60% owned by Hanjin Shipping, with Marine Terminals Investment holding 40%. The deal means HMM now has four Hanjin facilities ...
Comment on this article
David Cole
February 16, 2017 at 3:14 pmI’m curious if you have any news on CEVA International. I have not seen year end reports or 4th quarter results. Management seems to be very closed mouth about the goings on here at this company.
It’s no secret that Leon Black has wanted to unload the company for sometime and there have been a number of rumors for potential buyers, but nothing solid. It would be nice to hear what the industry has to say.
Alex Lennane
February 16, 2017 at 3:23 pmThanks for your comment – and good timing! We are shortly to publish an article on CEVA, which I believe is currently in its quiet period, as it is announcing its results on Feb 28. Stay tuned!