AsiaDry Cargo

Hanjin Shipping bulker resumes sailing

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.

“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.


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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