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Hanjin Shipping vessels get permission to unload in Germany
By 박윤아Published : Sept. 23, 2016 - 12:09
[THE INVESTOR] A German court has allowed Hanjin Shipping’s stay of proceedings, paving the way for its ships to unload or take on containers at ports, the company said on Sept. 23.
Vessels operated by Hanjin Shipping, South Korea’s No. 1 shipper, have been stranded at sea out of fears that they would be seized by creditors or port workers. Also, service firms have refused to work for the world’s seventh-largest shipping line.
Hanjin Shipping sought bankruptcy protection in the US and South Korea earlier this month, Hanjin said so far it has won stay orders in the U.S., Britain and Japan, and awaits final decisions on filings in Singapore and Belgium. It will seek similar action in Spain, Italy, Mexico and other nations.
As of Sept. 22, 35 out of its 97 container ships have completed unloading cargo.
(theinvestor@heraldcorp.com)
Vessels operated by Hanjin Shipping, South Korea’s No. 1 shipper, have been stranded at sea out of fears that they would be seized by creditors or port workers. Also, service firms have refused to work for the world’s seventh-largest shipping line.
Hanjin Shipping sought bankruptcy protection in the US and South Korea earlier this month, Hanjin said so far it has won stay orders in the U.S., Britain and Japan, and awaits final decisions on filings in Singapore and Belgium. It will seek similar action in Spain, Italy, Mexico and other nations.
As of Sept. 22, 35 out of its 97 container ships have completed unloading cargo.
(theinvestor@heraldcorp.com)
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