Hanjin winding up Singapore operations

Hanjin Shipping is in the process of winding up its operations in Singapore, reports Singapore Straits Times About 100 employees are likely to be affected. An unnamed employee told the newspaper that the still-operating part of the remaining open office was due to close by the end of the month.

Meanwhile, the Hanjin Rome was sold for about $8m of scrap value in a sheriff’s sale last Wednesday. It had been sitting off the eastern coast of Singapore for months, after it was placed under court arrest here on August 29th last year, when German shipowner Rickmers filed a civil claim for money owed by Hanjin.