Hanjin Shipping in talks to sell Long Beach Terminal stake to Geneva’s MSC

A tugboat passes Hanjin Hungary container ship at PSA's Tanjong Pagar terminal in Singapore September 28, 2016. REUTERS/Edgar Su/File Photo

Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping Company S.A., a spokesman for the Seoul court overseeing the shipper’s receivership said on Friday.

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