Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, is cutting its fleet by returning some chartered vessels to their owners as it struggles for survival.
The troubled company already returned four box movers and three bulk carriers to their owners, and plans to remove 13 more container carriers, Hanjin said in an e-mail Monday. In addition, one shipowner has messaged the company saying it plans to take back a container ship from the Seoul-based liner, which had 141 vessels including 97 container ships as of September 11.
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