Danaos has USD 560 million trapped in Hanjin

Shipowner Danaos has eight container ships on charter with Hanjin Shipping for a contract exposure worth a total of USD 560 million, informs the company. CEO John Coustas is disappointed that the creditors did not help Hanjin more.

BY NIKLAS KRIGSLUND

The Greek shipowner Danaos has a considerable amount of money stuck in Hanjin Shipping, which has entered court receivership.

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