Report: Three Hanjin Boxships Auctioned Off in Rotterdam

Image Courtesy: Hanjin Shipping

Three containerships of the bankrupt Korean shipping firm Hanjin Shipping were sold at an auction in Rotterdam for a total of USD 392 million, according to Dutch media.

The vessels in question are the 13,000 TEU Hanjin Europe, Hanjin Africa and Hanjin Harmony, built in 2012 and 2013, respectively.

Featuring 141,000 dwt, the boxships, which were reportedly sold on behalf of the German HSH Nordbank, have all been at anchor in the Netherlands for some time now.

Another Hanjin ship, the Hanjin Gold, is expected to be auctioned off by a Rotterdam court in January 2017.

After it filed for court receivership on August 31, the ailing South Korean carrier started selling its assets.

In November, Hanjin’s Asia-US route network was sold to Korea Line for a price of KRW 37 billion. The deal, scheduled to be finalized on January 5, 2017, includes Hanjin’s business network and client information related to the route and subsidiaries and logistics management systems in seven countries.

Additionally, the shipping firm’s stake in Californian Port of Long Beach container terminal was also put up for sale. The terminal attracted the attention of two shipping giants, Mediterranean Shipping Company and Hyundai Merchant Marine (HMM), which jointly placed a bid for Hanjin’s 54% stake in terminal operator Total Terminals International (TTI) in early December.

World Maritime News Staff

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