POST Online Media Lite Edition


China's COSCO Shipping may buy Hanjin Shipping's port assets

Staff Writer |
China's COSCO Shipping may consider buying the port assets of troubled South Korean firm Hanjin Shipping, Chinese online finance magazine Caixin reported.

Article continues below

But COSCO Shipping has no plans to buy the world's seventh-largest container carrier's ships, Caixin cited the Chinese firm's Chairman Xu Lirong as saying.

Hanjin Shipping collapsed last month. Earlier on Wednesday, a South Korean court said it has not yet decided whether a sale of the company is necessary.

What to read next

Hanjin Shipping seeking court protection
COSCO to acquire APM Zeebrugge terminal
COSCO Shipping offers $6.3 billion for Orient Overseas