16/09/2016at 08:59

Hanjin lawyer: We are being held hostage

Creditors' attempts in the US to reverse a ruling that enables Hanjin Shipping to unload containers from its vessels have failed again. But a lawyer representing Hanjin says that the carrier is currently being held hostage in a dispute concerning payments.

BY OLE ANDERSEN

A court in New Jersey has, according to the Wall Street Journal, rejected an appeal from creditors to collapsed carrier Hanjin Shipping to reverse a ruling issued on Friday last week which blocks creditors in the US from seizing the carrier's vessels in US ports.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Here is the timeline for Hanjin Shipping's collapse
For subscribers
This is how competitors are covering Hanjin's services
For subscribers
Hanjin Shipping gets money from its Chairman
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Maersk CEO Vincent Clerc (left) and MSC CEO Søren Toft are following very different strategic directions. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix

Container

Maersk could be heading for a price war with MSC

After a profit of historic proportions in 2022, Maersk is facing a new reality this year, entailing a potential price war unleashed by the carrier’s partner in the disbanded 2M alliance, MSC, predicts Drewry.

For subscribers

Krisen på fragtmarkedet styrker DSV's position i forhold til rederierne: ”I og med at vi er en af de store aftagere af søfragt, har vi også et samarbejde med rederierne, som er strategisk og forankret i direktionen,” siger DSV's topchef, Jens Bjørn Andersen. | Foto: Lars Krabbe/Foto: Lars Krabbe/Ritzau Scanpix

Logistics

DSV to support box carriers that provided help during Covid chaos

For subscribers

Tanker

Countdown to clash over Euronav's board composition has begun

For subscribers

Maersk is heading for its second record profit, setting a new benchmark in Danish business history. | Foto: Jonas Walzberg/AP/Ritzau Scanpix

Container

Maersk on track to achieve record profit for second consecutive year

For subscribers

Offshore

Danish authorities suspending 23GW of offshore wind projects

For subscribers

Container

Maersk redirects traffic following earthquake

For subscribers

DSV to support box carriers that provided help during Covid chaos

DSV customers found themselves in a bind when box carriers were able to allot limited ship space as they saw fit during the pandemic. Now the balance has shifted.

For subscribers

Container