Hyundai Merchant Marine (HMM) is in talks with Walmart to replace its contract with collapsed Hanjin Shipping.
HMM CEO Yoo Chang-keun told the Maeil Business daily that the US retail giant has been looking for an alternative line since its rival's receivership last year.
Hanjin reportedly handled about 30,000 containers for the US group every year – about 10% of its total freight volume.
Walmart
