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Hyundai Merchant Marine mulling bid for Hanjin Shipping's Asia - US business

Hyundai Merchant Marine (HMM) is considering bidding for bankrupt Hanjin Shipping’s Asia – US business.

Marcus Hand, Editor

October 18, 2016

1 Min Read
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According to reports HMM is mulling a preliminary bid for the business which put up for sale last week, although Reuters quoted a spokesman for the shipping company saying was yet to decide whether or not make a bid.

Hanjin’s transpacific business comprises staff, five containerships and 10 overseas businesses. Hanjin had a 7% share of the transpacific trade.

Letters of interest need to be submitted to the Seoul District Court by 28 October and final bids by 4 November.

Hanjin was put under court receivership on 31 August, while HMM itself narrowly avoided bankruptcy in June this year.

Read all the background to the Hanjin Shipping bankruptcy on our timeline

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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