Mediterranean Shipping Co (MSC) is threatening to wind up or take over its US container terminal joint venture with Hanjin Shipping, in a move that could affect the process to sell the South Korean liner company’s assets, Hanjin’s US lawyer alleges.
The situation has cast uncertainty over a key asset in Hanjin’s court-supervised restructuring in Seoul shortly after Korea Line Corp (KLC) received approval of its winning bid for Hanjin’s assets.
That
