Hanjin Shipping Wins Court Approval to Wind Down Europe Business

  • Korean container line to shut all 10 branches in Europe
  • Decision part of breakup process following bankruptcy filing

Hanjin Shipping Looks to Wind Down Europe Business

Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.

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