Hanjin Shipping sells part of container business for $31m

Hanjin Shipping sells part of container business for $31m

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

South Korea’s Hanjin Shipping Co Ltd said on Tuesday it decided to sell part of its container ship business to Korea Line Corp for 37 billion Korean won ($31.38 million).

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