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Cosco Eyes Hanjin Terminals After $738 Million Abu Dhabi Deal

  • Like to study possibility if put on the table: Chairman Xu
  • Xu Lirong says Cosco has no plans to buy Hanjin’s ships
A worker stands as containers sit stacked on the Hanjin Gdynia cargo ship berthed at the Port of Long Beach in Long Beach, Calif.

A worker stands as containers sit stacked on the Hanjin Gdynia cargo ship berthed at the Port of Long Beach in Long Beach, Calif.

Photographer: Tim Rue/Bloomberg

China Cosco Shipping Corp., owner of Asia’s biggest container-shipping company, said it could consider buying some container-terminal assets of the troubled Hanjin Shipping Co. after agreeing to spend $738 million on a new port in Abu Dhabi.

"We would like to study if it’s put on the table and if there’s a willingness to sell" on Hanjin’s part, Chairman Xu Lirong said in Shanghai late Wednesday. "So far, it’s not on the agenda."