Korealines Taking Over Trans-Pacific Line from Hanjin Shipping

After successfully outbidding Hyundai Merchant Marine (HMM) for the rights to Hanjin Shipping’s trans-Pacific lines, Korea Line Corporation (KLC) revealed details of their trans-Pacific operation.

KLC will launch trans-Pacific lines to Pacific South West (PSW) market, focused on South China and Korea export market.  Further details is to be announced.

For other valued assets of Hanjin Shipping, Mediterranean Shipping Co. (MSC) purchased stakes in Total Terminals International, exercising further control in both Port of Long Beach and Port of Seattle.

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