Hanjin liquidation looms

The Seoul Central District Court said on 9 February said it would declare Hanjin bankrupt on 17 February leading to the shipping company’s liquidation. The assets of Hanjin, once the world’s seventh largest container line, will be auctioned off to help pay off its debts. Analysts said that two containerships are currently listed for sale out of a total of 29 listed but it expected the others to go following ... [+]

advert 3