Report: Hanjin Shipping to Delist on March 7

South Korea’s former shipping giant Hanjin Shipping is scheduled to be delisted from the local bourse on March 7, Yonhap News Agency said citing industry sources.

Danaos Sinks to Loss due to Hanjin Impairments

Athens-based containership owner Danaos Corporation swung to a net loss of USD 366.2 million in 2016 from a profit of USD 117 million in 2015, largely impacted by the bankruptcy of South Korea’s Hanjin Shipping.

Alphaliner: Huge Debts Left after Hanjin Demise

Following Hanjin Shipping’s bankruptcy, the rate of debt recovery for unsecured creditors is expected to be close to zero as most of the company’s unencumbered assets are being sold at very low prices, according to Alphaliner.

Hanjin’s Crisis Affects Danaos’ Earnings

Athens-based containership owner Danaos Corporation recorded a net loss of USD 8.39 million in the third quarter of 2016 mainly due to the bankruptcy of South Korean carrier Hanjin Shipping.

Hanjin Sells Two Boxships for Scrap

Financially troubled South Korean shipping company Hanjin Shipping has sold two container ships for demolition, VesselsValue data shows.

Report: Hanjin’s Boxships Soon to Complete Cargo Unloading Ops

Around 95 percent of container ships owned by financially-troubled shipping company from South Korea, Hanjin Shipping, have completed cargo unloading until now, Yonhap News Agency cited the country’s government.

Alphaliner: Charter Owners Top Hanjin’s Claim Creditors

Charter owners, terminal operators and container lessors have been identified as the largest among Hanjin Shipping’s claim creditors, according to Alphaliner.