Report: Hanjin eyes Israel expansion
South Korea’s Hanjin Shipping is negotiating to start activities in Israel, according to a report by Israeli Web site Globes online.
Last year, Israeli billionaire Sammy Ofer, the controlling shareholder in Israel Corp. and its ocean carrier subsidiary Zim Integrated Shipping Services Ltd., increased his stake in Hanjin to about 12.8 percent, from 8 percent, sparking takeover speculation.