China's COSCO Shipping may consider buying Hanjin Shipping's port assets: Caixin
A woman is reflected in a glass showcase as she walks past a scale replica of a COSCO cargo ship at the company's headquarters in Beijing November 8, 2013. REUTERS/Barry Huang
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
BEIJING (Reuters) - China's COSCO Shipping Co Ltd may consider buying the port assets of troubled South Korean firm Hanjin Shipping Co Ltd, Chinese online finance magazine Caixin reported on Wednesday.
But COSCO Shipping has no plans to buy the world's seventh-largest container carrier's ships, Caixin cited the Chinese firm's Chairman Xu Lirong as saying.
Hanjin Shipping collapsed last month. Earlier on Wednesday, a South Korean court said it has not yet decided whether a sale of the company is necessary.
(Reporting by Beijing Monitoring Desk and Paul Carsten; editing by Susan Thomas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ex-wife of jailed Subway pitchman says company knew of child sex
- After rail crash, Cameroonians vent grief, frustration with longtime ruler
- Some 2,200 migrants rescued in Mediterranean, 16 bodies recovered
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!