We understand that Hanjin shipping will be liquidated.
Seoul Central District Court decleared Hanjin to be insolvent finally.
That will end 40 years of history of Hanjin Shipping. A Trustee is supposed to sell the remaining assets of the company.
Vessel Value estimated the value of the remaining fleet, 29 Container vessels and 13 Bulker to about 986 Mio USD.
Hanjin was running 98 Container ships with a total capacity of about 610.000 TEU. On top they were operating 44 Bulker.