Hanjin Shipping issues a release on Sunday to communicate that its bulker, Hanjin Paradip has resumed its sailing on May 27. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees.
has resumed its sailing on May 27. The ship had been detained in Richards Bay, South Africa earlier last week over unpaid charter fees.“Both Hanjin Shipping and the relevant parties agreed that successful financial restructuring of Hanjin Shipping correlates to everyone’s interests, hence decided to resume the sailing of the vessel and to resolve the arrears issue through further discussion,” the Korean line said in the release.
Hanjin Shipping is one of many Korean maritime-related firms that has been forced to enter restructuring recently on the back of dire financial results.
