HSH Nordbank seals charter of Hanjin ships to Maersk

HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark’s AP Moller Maersk (MAERSKb.CO), the state-backed lender said on Thursday. This is one of the first examples of Hanjin’s lenders looking to resolve the fallout from the shipping firm’s collapse in August, which…

Hanjin and Hyundai Merchant Marine disasters blamed on two widows who ran shipping giants

THE South Korean shipping industry has been brought to financial ruin by the incompetence and greed of two widows who took control on the death of their husbands, reports Seoul’s daily Hankyoreh. Hyundai Group chairwoman Hyun Jeong-eun was appointed chairwoman when her husband former chairman Chung Mong-hun committed suicide. Former Hanjin chairwoman Choi Eun-yeong took…