September 28, 2016 / 12:02 PM / in a year

China's COSCO Shipping may consider buying Hanjin Shipping's port assets: Caixin

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.

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

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

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