Hanjin Shipping stock took flight today after Jefferies suggested the company and compatriot Hyundai Merchant Marine may be takeover targets for Maersk Line.
Hanjin shares raced up by more than one quarter earlier today and are were still almost 19% to the good at the time of writing on Tuesday. HMM showed a more modest improvement.
It follows comments from Jefferies transport analyst David Kerstens that both of the Korean lines could be on Maersk’s radar after a change in strategy at the world’s largest container line.
“Maersk,
