MSC and HMM acquiring Hanjin Shipping terminal

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