In December, Hanjin sold a 78% stake in its bulk-shipping arm to private equity company Hahn & Co.

The venture has been named H-Line Shipping, which has 36 ships, including seven Hanjin LNG carriers injected into the company.

Hanjin said its debt ratio and financial structure will be improved by transferring KRW 1.3 trillion of ship finance and debt to the joint venture.

Hahn