Hanjin seeks to steer its ships to Singapore, Hamburg, Busan

Singapore

SOUTH KOREA said that Hanjin Shipping Co will try to steer vessels to ports to unload cargo as the government attempts to contain global supply-chain disruptions that are stemming from the container line's court receivership filing. The shares jumped after Yonhap News Agency reported that the government will offer loans to the company.

Hanjin's ships will make calls at ports including Singapore, Hamburg and Busan, South Korea, where its vessels are unlikely to get stranded, Deputy Finance Minister Choi Sang Mok said in Seoul on Monday.