Hanjin – Update
From World Maritime News:
Hanjin Shipping Has Enough Cash to Cover Offloading Costs
Cash held by Hanjin Shipping, coupled with commitments from the company’s leading shareholder, the leading creditor, and the parent group’s CEO, should be enough to cover the costs of unloading cargo from the company’s container ships stranded offshore, Reuters reported a South Korean government official as saying.
The vessels have been stranded ever since the South Korean biggest container carrier filed for bankruptcy protection in late August.”
Out of the 97 container ships stranded, 35 have unloaded their cargo as of September 22. The majority of the remaining 62 ships is expected to complete the unloading by the end of October.”
Read more: World Maritime News
The South Korean court overseeing Hanjin Shipping’s receivership process said on Wednesday that a sale of the world’s seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court concludes the company is to be rehabilitated.”
See Reuters to read more.
From American Shipper:
Hanjin arranges for container return, while FMC examines fees charged by MTOs.
The Federal Maritime Commission (FMC) said it has received numerous inquiries related to fees being charged by marine terminal operators (MTOs) to beneficial cargo owners (BCOs) to secure the release of shipments booked with Hanjin Shipping.
The FMC said it “understands the concerns the shipping public has regarding the appropriateness and amounts of these fees. Any allegations of unreasonable practices or violations of the Shipping Act by MTOs will be examined carefully by the Commission.”
To see the entire article: American Shipper