The market for Hanjin Shipping’s debt should not see any change in price despite the company’s likely liquidation.

This is according to UK debt brokerage Southey Capital, which has the Korean owner's secured claims trading at between 30% and 32%, with unsecured claims at 3% to 5%.

Seoul central district court said earlier this month it would formally wind up the collapsed shipping company on 17 February unless there were appeals from creditors.

Southey said that creditors who are happy with the size of their claim do not have to take any further action.