All Hanjin Shipping chartered vessels to be returned to owners

All Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday.

News ID: 69039

Date: 21 September 2016 - 17:00

According to MANA, Current delays in unloading cargo are incurring more than $2 million in charter fees daily, the judge in charge of liaising with media at Seoul Central District Court also told Reuters in a text message.
South Korea has said no government or central bank money would be directly injected into the firms restructuring in the ailing shipping and shipbuilding industries, though it is helping small-to-medium sized businesses hit by the restructuring.