Korea Line preferred bidder for Hanjin's Asia-U.S. operations -court
14/11/2016 06:48
SEOUL, Nov 14 (Reuters) - South Korea's Korea Line Corp
005880.KS was picked as the preferred bidder to buy troubled
shipper Hanjin Shipping Co Ltd's 117930.KS Asia-U.S.
operations, beating Hyundai Merchant Marine 011200.KS , a
spokesman for a Seoul court overseeing Hanjin Shipping's
receivership told Reuters on Monday.
The spokesman said Korea Line offered higher prices than
Hyundai Merchant Marine, but did not disclose the value of the
potential deal.
Hanjin Shipping, the first major shipping line to bear the
brunt of a global overcapacity and low freight rates, has put up
for sale its U.S. to Asia routes, including manpower systems and
five container ships. urn:newsml:reuters.com:*:nL4N1CJ14G
(Reporting by Hyunjoo Jin; Editing by Himani Sarkar)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))
Keywords: HANJIN SHIPPING KOREA LINE/