Hanjin Cuts Fleet as Court Advises Return of Chartered Ships

Updated on
  • Return makes sense as vessels chartered at high rates: Court
  • Hanjin already sent back four box movers, three bulk carriers

Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet.

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