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Hanjin takes over APM Terminals' Kaohsiung concession

Article-Hanjin takes over APM Terminals' Kaohsiung concession

Hanjin takes over APM Terminals' Kaohsiung concession

Seoul: Hanjin Pacific Corporation (HPC), a terminal subsidiary of Hanjin Shipping, and APM Terminals, the independent port operating division of the A.P. Moller-Maersk Group, have announced they have entered into an agreement in which Hanjin Pacific will take over APM Terminals facilities at Piers 76 and 77 in Kaohsiung and combine them into Hanjin's current operations at Pier 78.  To ensure the smooth transition, with no disruptions to service, the two companies will cooperate for three months. On May 7th, 2010, Hanjin will take over the management and operations of the consolidated facilities. Financial details on the transaction were not made public.  [29/01/10]

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