Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.
Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.
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Louise Muenter, head of media and stakeholder relations at A.P. Moeller-Maersk, said a corporate restructuring is a possibility following a report the Danish shipping conglomerate could be split into separate transportation and energy companies.
Meanwhile, the A.P. Møller - Maersk conglomerate, which includes both Maersk Line and APM Terminals, reported second quarter profits of $118 million, 89 percent below the $1.09 billion in the second quarter of 2015.
Ocean carrier MSC has started investing in TRAXENS, a French start-up that produces technology for ocean container tracking.