ShippingWatch

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.

Photo: Mark Lennihan/AP/Polfoto/Arkiv

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

The company informs in a statement that it has eight vessels on long-term charter contracts with the South Korean carrier, and these contracts were worth USD 560 million as of June 30th 2016.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs