News / Hanjin's multimillion-dollar charter debts cast a bad light on South Korea, says Seaspan

The 10,100 teu Hanjin Buddha

Financially troubled South Korean carrier Hanjin continues to owe huge sums of money to the world’s largest non-operating owner of container vessels, which yesterday warned the South Korean government that the country’s international reputation was being affected by the shipping line’s constant demands for charter rate reductions.

Gerry Wang, chief executive of Seaspan, said the company would not entertain the idea of reduced hire fees.

“We believe that is the violation of contract in the spirit of a major OECD country having ...