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Korean Company Extends Port of Seattle Berthing Lease

The Port of Seattle Commission approves lease extension with Total Terminals International (TTI), a J/V subsidiary of Hanjin Shipping & Terminal Investment Limited (TIL). The ten-year lease extension will secure continued volume and revenue at Terminal 46 for the next 13 years, through 2025. Hanjin Shipping, headquartered in Seoul, South Korea, is a subsidiary of the Hanjin Group, a large transportation conglomerate that includes Korean Air Lines.