South Korean court is considering sale of Hanjin Shipping

The district court in Seoul is considering a sale of the entire container carrier Hanjin Shipping, after its collapse in late August which sent the container industry into turmoil, says a judge from the court.

Photo: Reed Saxon/AP/POLFOTO

The South Korean court overseeing Hanjin Shipping's receivership is considering a sale process for the entire container line, a month after the debt-laden company's filing roiled supply chains worldwide.

The Seoul Central District Court has called for a meeting of officials who are evaluating the container line, Choi Ung-young, a judge and a spokesman for the court, said in an interview Wednesday. The court thinks it's important to start the process sooner rather than later, but the sale plan will depend on market conditions, he said.

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