The ownership of Long Beach and Seattle ports appears to be finally settled. U.S. bankruptcy courts approved the sale of 20% of holding company Total Terminals to Hyundai Merchant Marine from Hanjin Shipping’s 54% stake. MSC, original owner of the other 46%, will acquire the rest. The deal may require Federal Maritime Commission approval. Both ports had underperformed following the loss of Hanjin Shipping volumes. For the four months after Hanjin Shipping’s administrative filing Long Beach import volumes fell 7.5%, Seattle’s increased 2% but the national average climbed 7%. Shippers’ imp...