News / Forwarders dangerously exposed by Hanjin bankruptcy, as scramble for unpaid debts and fresh capacity begins

Captains on bankrupt Hanjin Shipping vessels have been ordered to slow steam or stop altogether to avoid the risk of being served a writ during a port stay.

Meanwhile, many ports around the world have refused to accept Hanjin-operated ships until they receive a bank guarantee for port and harbour dues – but are also reluctant to have a vessel arrested in their quaysides and threatening to block cargo operations.

The Loadstar also understands this morning that some tug companies are refusing ...