News / Court orders sale of Hanjin's Asia-US network and other assets to pay debts

Busan © Sean Pavone

Hanjin Shipping has received bankruptcy court approval to sell assets, including its largest trade route, between Asia and North America.

It is the latest development in the embarrassing demise of the South Korean carrier that has left the nation in shock and the country’s largest port at Busan with a potential huge loss of box throughput.

However Busan Port Authority contacts told The Loadstar they are optimistic there won’t be an appreciable loss of throughput, as other carriers have quickly stepped in to fill the void.

But ...