Germany's HSH Nordbank is said to be taking possession of nine boxships from collapsed Hanjin Shipping.

Sources involved in the deal told the Wall Street Journal that six of the vessels will be leased by the lender to Maersk Line and three to MSC.

The first hand-overs will take place in December.

HSH said only that it was “arranging a new long-term charter” for six Hanjin vessels to Maersk Line.

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