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

  • Business & Finance

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.

Five of the company’s vessels are still seized as they have not paid service fees.

South Korean Ministry of Oceans and Fisheries said that 94 out of the carrier’s 97 boxships have completed cargo unloading. This represents 378,000 TEUs of a cargo total of 396,000 TEUs.

According to the country’s ministry, the remaining vessels are expected to complete cargo unloading soon, following consultations with port authorities on a global level.

The ministry also revealed that there are 771 crew members still on board Hanjin’s ships.

The shipping company filed for receivership on August 31, 2016, after its creditors decided not to provide additional financial support to Hanjin.

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