Read Authentic Ratings for the Sydney-Express

On October 1, 2016, the 'Hanjin Switzerland' made history as the second vessel from Hanjin Shipping to arrive at the Port of New York and New Jersey since the company declared bankruptcy, marking a pivotal moment in the shipping industry. The ship arrived at the Global Container Terminal in Bayonne, carefully avoiding its original destination at Maher Terminals to navigate under the Bayonne Bridge without incidents. To facilitate the transfer of its cargo, plans were set in motion to load the goods onto a barge to continue to Maher Terminals for distribution. This arrival signifies a cautious return of Hanjin’s fleet to operational status, as more vessels begin to reach their destinations and release cargo that has been stranded since the company's bankruptcy filing in a South Korean court on August 31. Notably, the 'Hanjin Miami' had previously docked at Maher Terminals on September 22, following a two-week wait at Ambrose Anchorage for the company to settle unloading fees. To clear the path under the Bayonne Bridge, the 'Hanjin Miami' departed with empty containers belonging to other members of the CYKHE Alliance. The anticipation continues for the 'Hanjin Chongqing', scheduled to dock at the same terminal on October 27. Meanwhile, the situation remains tense for the 'Hanjin Baltimore' and 'Hanjin Bremerhaven', both currently under arrest with uncertain timelines for their release from Panamanian waters. The evolving situation highlights the complexities facing the once-mighty Hanjin Shipping amidst a challenging maritime landscape.

On Thursday, a vessel chartered by Hanjin Shipping encountered significant challenges when attempting to navigate the Suez Canal, largely due to the shipping company's precarious legal situation. The ship, named Hanjin Switzerland, which is under the ownership of the Ciner Group, failed to transit the canal on September 1, as confirmed by data from Lloyd’s List Intelligence. Instead of moving forward, the vessel altered its course and is now drifting south of the canal, awaiting its next destination, which is planned to be New York. Vasileios Papakalodoukas, the Chief Executive of Ciner Ship Management, shared with Lloyd's List that the ship's inability to pass through the canal stems from Hanjin Shipping's lack of authorization to allocate funds for the necessary canal fees. Due to the ongoing legal constraints, the shipping company requires court permission to utilize any of its financial resources.