Independent journal on economy and transport policy
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Hanjin Shipping will sell own quota in Total Terminals International to the MSC
the Helvetic shipowning group will have the entire property of the terminalista society of Long Beach
December 21, 2016
The company of South Korean navigation Hanjin Shipping, than from september is in controlled administration, has signed an agreement in order to yield to the shipowning group Helvetic Mediterranean Shipping Company (MSC) own participation in the terminalista society Total Terminals International (TTI) that it manages the container terminal to the Pier T of the port of Long Beach, quota that is pairs to 54% of the share capital of the American company. MSC possesses remaining already 46% of the TTI capital. The transaction is authorized by the central district Court of Seul that it supervises to the procedure of administration controlled of Hanjin Shipping.
The terminal of Long Beach, that it covers an area of 166 hectares, has four docks for a total of 1.500 linear meters of approaches and has a annual ability to traffic pairs to three million container teu.
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