Final Hanjin boxship renamed Maersk Iyo

It has taken less than a year for all Hanjin Shipping’s boxships to be renamed. Two weeks today will mark the first anniversary since Hanjin Shipping sought court protection becoming one of the most famous shipping bankruptcies in history.

“The recent renaming of the 5,067 teu Hanjin Scarlet, the last vessel to bear the Korean carrier’s colours, to Maersk Iyo, has consigned the once mighty Hanjin name to maritime history,” Alphaliner noted in its most recent weekly report.

The Hanjin Scarlet was renamed earlier this month, Maersk officials confirmed, telling Splash that the ship is now deployed on the transpacific trades.

The ship itself was one of the more high profile ones in the wake of Hanjin’s bankruptcy. Its crew – a mix of Filipinos and Koreans – lay stranded off the west coast of Canada for many months awaiting creditors to finalise the ship’s sale.

The trustee overseeing Hanjin Shipping’s bankruptcy proceedings warned creditors earlier this month that the Korean line has managed to raise just $220m, equating to just 2.1% of what it owes. Creditors’ claims mounting against defunct Hanjin now stand in the region of $10.5bn.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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