The Port of Long Beach says it is considering Mediterranean Shipping Co’s (MSC) proposal to acquire Hanjin Shipping’s stake in Total Terminals International (TTI).
If approved, the pact could bring in business to replace the cargo volume lost at Long Beach’s Pier T when the South Korean shipowner declared bankruptcy in August.
Terminal Investment Ltd (TIL), a subsidiary of MSC, earlier this week announced it had signed an agreement to purchase Hanjin’s stake in the terminal operator at Pier T.
