Hanjin Shipping Enters Talks to Sell Its Stake in Long Beach Terminal

Hanjin Shipping is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A. (MSC), a spokesman for the Seoul court overseeing the shipper’s receivership said on Friday.

Hanjin Shipping owns a 54% stake in Total Terminals International LLC, which operates Long Beach Terminal in the U.S. MSC owns the remaining 46%.

It has appointed an advisor, an overseas firm specializing in shipping industry talks, to help with the...

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