COSCO eyeing Hanjin terminal assets

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 it 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 on Wednesday. "So far, it's not on the agenda."

Buying Hanjin's terminal assets in the Port of Long Beach California will help COSCO widen its footprint after the Chinese government merged its key shipping companies last year to help them expand internationally.