Israeli Forces Seize Gaza Aid Boat Carrying Greta Thunberg
Israeli naval forces boarded and seized a charity vessel carrying Swedish activist Greta Thunberg, which had tried to break the naval blockade of the Gaza Strip on Monday.
File photo shows Hanjin Shipping Co ship stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson
SEOUL, Feb 2 (Reuters) – A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd’s court receivership process and expects to declare bankruptcy on February 17 after a two-week period for appeals.
The Seoul Central District Court said in a statement that it made the decision as the firm’s liquidation value would be worth more than its value as a going concern.
Hanjin Shipping, which had been the world’s seventh-largest container shipper, applied for court receivership in late August after its creditor banks halted further support.
Swiss shipping group MSC said on Wednesday its unit has bought a stake in Hanjin Shipping’s U.S. port operator, the latest Hanjin asset to be sold. (Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
(c) Copyright Thomson Reuters 2017.
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