Container

Hyundai Merchant to buy a stake in Hanjin's terminals after all

The board of directors of Hyundai Merchant Marine has decided to buy a 20 percent stake in collapsed rival Hanjin Shipping's Total Terminals International, which operates container terminals in Long Beach and Seattle.
Photo: Reed Saxon/AP/POLFOTO
Photo: Reed Saxon/AP/POLFOTO
by DANIEL LOGAN

South Korean container carrier Hyundai Merchant Marine (HMM) is now targeting local rival Hanjin Shipping's US-based terminal business.

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