29-09-2016, 09:40 AM
All are looking for bargains...
Cosco eyes Hanjin terminals after $1 bil Abu Dhabi deal
SHANGHAI/SEOUL (Sept 29): China Cosco Shipping Corp., owner of Asia’s biggest container-shipping company, said it could consider buying some container-terminal assets of the troubled Hanjin Shipping Co. after agreeing to spend US$738 million ($1 billion) on a new port in Abu Dhabi.
"We would like to study if it’s put on the table and if there’s a willingness to sell" on Hanjin’s part, Chairman Xu Lirong said in Shanghai late Wednesday. "So far, it’s not on the agenda."
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http://www.theedgemarkets.com.sg/sg/arti...dhabi-deal
Cosco eyes Hanjin terminals after $1 bil Abu Dhabi deal
SHANGHAI/SEOUL (Sept 29): China Cosco Shipping Corp., owner of Asia’s biggest container-shipping company, said it could consider buying some container-terminal assets of the troubled Hanjin Shipping Co. after agreeing to spend US$738 million ($1 billion) on a new port in Abu Dhabi.
"We would like to study if it’s put on the table and if there’s a willingness to sell" on Hanjin’s part, Chairman Xu Lirong said in Shanghai late Wednesday. "So far, it’s not on the agenda."
...
http://www.theedgemarkets.com.sg/sg/arti...dhabi-deal
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