Pusan New Port berths sale delayed

A BID by Busan Port Authority to buy three berths at Pusan New Port from Pusan New Port Co (PNC) has become bogged down by tough protracted negotiations as PNC fights for its financial life.

PNC is rumoured to be driving a hard bargain with BPA as it seeks to recoup losses and repay loans that could total as much as Won700bn ($563m) after runni...

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