A Hanjin container ship anchors off California with its cargo on-board after the company filed for bankruptcy in South Korea ©Press Association Images
A Hanjin container ship anchors off California with its cargo on-board after the company filed for bankruptcy in South Korea ©Press Association Images

Troubled Hanjin Shipping Company seeks protection from creditors

7 September 2016

The South Korean firm Hanjin Shipping has been given protection from creditors by a US court after it filed for bankruptcy last week. 

A judge at the District of New Jersey Bankruptcy Court has given the shipping giant an interim provisional order, temporarily preventing creditors from seizing assets in the country.

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