Western Railroad Discussion > Hanjin Latest News

Hanjin has received permission from the Seoul bankruptcy court to close its European operations which consist of ten offices and 250 t0 300 employees

Hanjin also given authority to sell its Trans Pacific operation which accounted for 8 percent market share. The sale would include offices, staff service contracts, IT systems,port terminals and five container ships

It also is rumor that Hanjin is in talks to sell 54 percent stake in Total Terminals International which operates Long Beach Container Terminal to MCS

As of October 18 82 of 97 container vessels have been fully discharged but five ships still remain under arrest.

INFO from Loadstar 10-24-16

Dale Smith