Hyundai Merchant Marine Co has indicated its interest in bidding for the US-Asia Transpacific assets of Hanjin Shipping, report online sources.
This follows the news that the Seoul court charged with deciding the fate of Hanjin signalled its intention to sell these assets as a means of paying off the creditors that are still owed millions after the collapse of the shipping line.
The move by Hyundai positions it as the heir-presumptive of South Korea’s shipping fleet, although a spokesperson for the company stressed that while it was considering a bid, no final decision had yet been made, according to World Maritime News.
