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Media: Korea Line owner retracts offer for Hanjin's terminals

SM group, which owns Korea Line, has abandoned its offer for Hanjin's share of terminal company Total Terminals International. Instead, Hyundai Merchant Marine and MSC seem to be the obvious candidates to buy the company, which covers the terminal in Long Beach, US.
Photo: Reed Saxon/AP/POLFOTO
Photo: Reed Saxon/AP/POLFOTO
by LENA RUTKOWSKI

SM Group, which is behind Korea Line, has pulled out of the battle for Hanjin Shipping's terminal in Long Beach, California, report South Korean media.

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