What Crew Members Say About Sm-Long-Beach

In a significant maritime transaction, five vessels belonging to Hanjin have been sold en bloc for approximately $60 million to South Korean buyers. The vessels included in this sale are the HANJIN BUDAPEST, HANJIN BREMERHAVEN, HANJIN TIANJIN, HANJIN XIAMEN, and HANJIN PORT KELANG. This acquisition marks a pivotal moment in the shipping industry, reflecting ongoing shifts in vessel ownership and operations. The sale continues to attract attention within the maritime community as it highlights the dynamics of the current shipping market.

In a significant development for Hanjin Shipping, the company has lodged an appeal following the seizure of one of its vessels, the Hanjin Xiamen, which took place over the weekend at a port in South Korea. This incident marks the first domestic vessel seizure since Hanjin entered court receivership last month, despite a bankruptcy court ruling that prevents creditors from confiscating vessels within Korean waters. The Hanjin Xiamen was taken by World Fuel Services, an American fuel supplier, on Friday after they secured rights from the Changwon District Court due to unpaid fuel dues linked to the ship. Hanjin Shipping submitted an appeal to the Changwon District Court on Monday, seeking a resolution that is anticipated by Thursday. This event underscores the challenges facing Hanjin Shipping amid its ongoing financial woes.