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Hanjin Shipping Vessels Allowed  to Unload  in Germany
Hanjin Shipping Vessels Allowed  to Unload  in Germany

Hanjin Shipping Vessels Allowed to Unload in Germany

Hanjin Shipping Vessels Allowed to Unload in Germany

Cash-strapped Hanjin Shipping Co. said Friday that a German court has accepted its stay of proceedings, paving the way for its ships to unload or take on containers at ports in the European country, Yonhap reported. Vessels operated by Hanjin Shipping, South Korea’s No. 1 shipper, have been stranded at sea out of fears that they would be seized by creditors. Also, service firms have refused to work for the world’s seventh-largest shipping line. Hanjin Shipping sought bankruptcy protection in the US and South Korea earlier this month. Hanjin said so far it has won stay orders in the US, Britain and Japan, and awaits final decisions on filings in Singapore and Belgium.

 

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