Thursday 29 September 2016

Stock Market Today : Cosco eyes Hanjin terminals after $1 bil Abu Dhabi deal .

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SINGAPORE/SHANGHAI/SEOUL/ABU DHABI (Sept 29): China Cosco Shipping Corp., proprietor of Asia's greatest holder shipping organization, said it could think about purchasing as some compartment terminal resources of the agitated Hanjin Shipping Co. subsequent to consenting to burn through US$738 million ($1 billion) on another port in Abu Dhabi. 

"We might want to examine in the event that it's put on the table and if there's an ability to offer" on Hanjin's part, Chairman Xu Lirong said in Shanghai late Wednesday. "As such, it's not on the plan."

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