Hanjin Offloads Panamax Ships


South Korean company, Korea Marine Transport Co (KMTC) have just aquired four of Hanjin Shipping’s containerships. The 4,275 TEU cargo ships were sold for a combined USD$ 22.4 million.

Data from VesselsValue reveals that each of the ships has a market value of around $5.3 million. The Panamaxes, which were initially built in 2008, are the Hanjin Durban, Hanjin Norfolk, Hanjin Piraeus and the Hanjin Rio de Janerio.

The ships were built by Samsung Heavy Industries Co are 260 metres in length with a width of 32 metres. Each ship was sold individually for $5.6 million.

This sale comes mere days after Dutch media reported that three 13,000 TEU Hanjin containerships were sold for a total of USD 392 million at an auction in Rotterdam. The 2012 and 2013 built Hanjin Europe, Hanjin Africa and Hanjin Harmony were reportedly sold on behalf of the German HSH Nordbank.

In other recent Hanjin news, PTI reported that South Korean company, Korea Line Corporation (part of the SM Group), had to withdraw a bid for Hanjin’s 54% stake in the US Long Beach Port.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.