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Financing dispute causes the sale

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22.08.2009 21:49

Financing dispute causes the sale

Hanjin Heavy Industries has placed three recently completed giant containerships up for sale, following a financing dispute with Islamic Republic of Iran Shipping Lines.

Hanjin Heavy Industries has placed three recently completed giant containerships up for sale, following a financing dispute with Islamic Republic of Iran Shipping Lines.

South Korean shipyard Hanjin Heavy Industries has placed three recently completed giant containerships up for sale, following a financing dispute with Islamic Republic of Iran Shipping Lines.

Ordered at nearly $100m each, brokers have predicted the fire sale will set a new low benchmark price for post-panamax vessels.

www.TurkishMaritime.com.tr

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