Germany’s HSH Nordbank to Take Nine Hanjin Ships

COPENHAGEN—Germany’s HSH Nordbank AG is in the process of taking possession of nine container ships operated by South Korea’s debt-ridden Hanjin Shipping Co. and plans to lease them to Denmark’s Maersk Line and Geneva-based Mediterranean Shipping Co., the world’s two biggest container-shipping operators, people involved in the matter said.

News ID: 69889

Date: 28 October 2016 - 12:22

According to MANA, “HSH is looking to lease six ships to Maersk and three to MSC,” one of the people said.
Delivery of the vessels, which each have a capacity to carry around 13,000 containers, will start in December, that person said.
Korea’s Maritime Ministry said Monday that 81 vessels from Hanjin’s container fleet of 97 ships have finished unloading cargo at ports around the world. About nine cargo-laden ships remain stranded at sea, while seven ships are heading back to Korea to berth at Busan and other ports, where Hanjin ships can freely unload cargo without the threat of seizure from creditors.