Cover Story

Aftermath of the Hanjin Saga – Can Terminal Operators Charge a “Ransom” Fee Before Allowing Shippers and Forwarders to Take Back Their Hanjin Cargoes?

South Korea’s Hanjin Shipping Co. was once the world’s seventh-largest container carrier until its recent bankruptcy in late August 2016, which is expected to bring about numerous upcoming litigations and arbitrations between cargo owners, shippers, freight forwarders and suppliers who have contracted with Hanjin or were once in supply chains in which Hanjin was involved...

Shipping News Highlights

• South Korea’s Hanjin Shipping Files for U.S. Bankruptcy Protection
• HKSC lashes out over Hanjin box deposit “highway ransom”
• Hong Kong mulls block exemption for some liner shipping agreements
• Shanghai and Singapore see higher box throughput in August

Recent Cases Highlights

• Bahamas Oil Refining Company International Limited v The Owners of the Cape Bari Tankschiffahrts GMBH & Co KG
• Connect Shipping Inc and Another v Sveriges Anfgartygs Assurans Forening (The “Renos”) 
• Saga Cruises Bdf Ltd and Another v Fincantieri Spa

Shipping Q & A

In the Wake of the Hanjin Crisis, What Can Cargo Owners and/or Creditors of Hanjin Do in order to Better Protect Their Interests?

Although Hanjin has filed for bankruptcy protection in countries such as the United States and Singapore, its assets remain unprotected in most of the other jurisdictions in the world. In the fear of not getting paid, it is expected that ports and operators will continue to turn Hanjin’s vessels away, leaving them stranded outside the ports...

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