A South Korean judge has decided that all charter ships of Hanjin have to be returned to the owners as soon as a ship has been unloaded. The destitute shipping company had 141 ships, 97 of which were container ships. Of those 97 ships, 60 were chartered and 37 were owned by the company itself. The South Korean shipping company has already returned several ships to their owners, according to reports.
Source: Hanjin
Earlier this week, a restructuring plan was drawn up by the shipping company. A South Korean judge who is going over the proposal has hinted that he has doubts about the viability of the slimmed-down form.
According to the judge, the restructuring is ‘practically impossible’ if the main debt exceeds one trillion won (806 million euro). This includes outstanding payments for charters.