News / Hanjin announces operations in Europe will be axed – but staff are the last to know

Hamburg Terminal

Hanjin Shipping said today it had received approval from the Seoul bankruptcy court to shutter its European operations as early as this week.

The move would appear to be an acceptance that South Korea’s number-one shipping line, and the world’s seventh-biggest, has no future on the global stage.

The carrier’s four main European centres, Hanjin Shipping Europe, the regional HQ in Hamburg; Hanjin Shipping Hungary Transportation; Hanjin Shipping Poland; and Hanjin Spain, will close this week or early November according to the regulatory filing.

In total, Hanjin operates from some 10 ...