Mediterranean Shipping Co (MSC) and Hyundai Merchant Marine (HMM) have teamed up to acquire Hanjin Shipping’s interest in Long Beach terminal.
The two liner companies have formed a joint venture (JV) to combine their volumes in Total Terminals International (TTI) and have submitted an offer for Hanjin’s 50% stake.
MSC already owns the second half of TTI through its subsidiary Terminal Investment Limited (TiL) and is now looking to take full control of the terminal with HMM’s assistance.
Alistair
