Hanjin Shipping

Hanjin Shipping is the world’s seventh-largest container shipping company worldwide and number one in Korea, with a fleet of 98 container vessels. Founded in South Korea in 1949, Hanjin is present in 60 countries with approximately 6,000 employees. Hanjin will join THE Alliance when that vessel-sharing agreement enters force in 2017.

29 Aug 2016
There is a glimmer of light at the end of the Hanjin tunnel as its main charterer agrees to a deal and foreign banks delay debt repayments.
The cash from Korean Air Lines is separate from an earlier announced plan to raise liquidity at Hanjin Shipping.
26 Aug 2016
Korean Air Lines is swooping in to support Hanjin Shipping.
Hanjin Shipping has until Sept. 4 to meet the conditions set by its creditors, and the South Korean government has expressed reluctance to bail out the struggling container line.
25 Aug 2016
Hanjin Shipping on Thursday submitted its plan to boost liquidity to the Korea Development Bank.
Hanjin Shipping has not been as fortunate in its liquidity crisis as compatriot Hyundai Merchant Marine, which reached an agreement with creditors in June.
23 Aug 2016
Hanjin Shipping will submit a plan to raise liquidity to its largest creditor, the Korea Development Bank, on Thursday.
19 Aug 2016
Hanjin and HMM’s U.S. imports and exports were down in the first half compared with the same period a year ago despite general growth in both.
16 Aug 2016
Hanjin Shipping, the biggest of South Korea’s shipping outfits, swung to a loss in the second quarter.
Total Terminals International at Long Beach, pictured, with capacity for more than 3 million TEUS, could provide a much-needed cash infusion to Hanjin Shipping.
15 Aug 2016
Container line faces sharp pressure to boost its cashflow.
10 Aug 2016
The head of South Korea's financial watchdog on Wednesday said Hanjin Shipping should prepare for receivership, if it can’t reach an agreement with creditors and tonnage providers.
Receivership would drag down Hanjin Shipping's credit rating, which has already been downgraded twice this year by Korea Investors Service.
04 Aug 2016
Hanjin Shipping’s creditor banks gave it an extra month to lower charter rates, reduce loans from foreign lenders and reschedule bond payments.
26 Jul 2016
Hanjin Shipping confirmed it remains in negotiations with tonnage providers for lower rates, but wouldn't say much else.
12 Jul 2016
Hanjin Shipping continued its efforts to stay afloat financially by selling its shares in a Cai Mep, Vietnam, container terminal.
08 Jul 2016
A testament to the port’s efforts to expand its capabilities is the welcoming of the largest container ship to call the Port of Wilmington this past Tuesday.