AsiaContainersDry Cargo
Hanjin Shipping could still be sold, court says
The court in Seoul overseeing Hanjin Shipping’s receivership has said a sale of the company is one of a number of options it is considering.
Splash understands Hanjin’s rehabilitation plan will look to reshape the Korean line into an intra-Asia container player, selling its larger boxships and its dry bulk fleet. It has until December 19 to send in its rehabilitation plans.
With the South Korean government already saying it will not pump more money into the line, which is sullied by more than $5bn in debts, commentators are saying the most likely outcome for Hanjin is its best assets will be cherry picked by rivals and the remaining carcass will then be liquidated.