World Fuel Services detains first Hanjin vessel in Korea

After container carrier Hanjin collapsed, Korean waters have so far been a safe haven for the vessels, but now the world's largest bunker company, World Fuel Services, has been granted permission from a local court to detain a ship. Hanjin has appealed the ruling.

Photo: PR-foto/Hanjin Shipping

After South Korean carrier Hanjin Shipping entered into court receivership in early September, the carrier's creditors have fought tooth and nail to salvage what is left to salvage. This has led to several ship arrests around the world and contributed to many Hanjin vessels left stranded near major ports, while the carrier awaited protection against ship arrests from the relevant authorities.

Hanjin was granted this type of protection in the US, for example, and for a long time Hanjin could rest safe knowing that the vessels would be secure after returning to any Korean port.

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