ShippingWatch

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.

Photo: Mark Lennihan/AP/Polfoto/Arkiv

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.

According to judge John Sherwood of the insolvency court in Newark, New Jersey deems the need to empty the vessels more important than the US bankruptcy rules.

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

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs