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    recaap isc

    ReCAAP ISC: No incident of piracy and armed robbery 19 – 25 September

    The Future of Maritime Safety 2023: 853 distress calls in 2022

    The Future of Maritime Safety 2023: 853 distress calls in 2022

    car carrier fire

    Bulk carrier suffers engine room fire in Sumatra, Indonesia

    BIMCO: Key US grain exports could fall 15% in 2023

    Britannia: How to prevent heat damage to agricultural cargoes

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    thinking out of the box

    Thinking out of the box: 5 tips for creative thinking

    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    Meyer Werft to construct LNG-fuelled ship for NYK Cruises

    Meyer Werft to construct LNG-fuelled ship for NYK Cruises

    DNV: US and Canada will spend $12 trillion on renewable energy

    DNV: US and Canada will spend $12 trillion on renewable energy

    fuels contamination

    K Line and ClassNK launch biofuel emissions reduction certificate

    x press pearl

    Sri Lanka receives interim insurance payment for X-Press Pearl disaster

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    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

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    ClassNK amends its rules on construction of steel ships

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    orange county oil spill fines

    Crude oil tanker to pay 88 crores for damaging Haldia oil jetty

    China conducts ballast water inspections to vessels arriving from Japan

    China conducts ballast water inspections to vessels arriving from Japan

    M/V “HAKSA” refused access to the Paris MoU

    M/V “HAKSA” refused access to the Paris MoU

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    france plastic pellet spill

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    mines in black sea

    Three more vessels use the Ukrainian Black Sea corridor

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Seafarer Stories: Capt. Cristian Bacanu, Master

    Seafarer Stories: Capt. Cristian Bacanu, Master

    Wellness Corner: Tom O’Hare, Mission to Seafarers

    Wellness Corner: Tom O’Hare, Mission to Seafarers

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SAFETY4SEA

South Korean police seeks arrest of Hanjin Group CEO

by The Editorial Team
October 17, 2017
in Shipping
south

On 17 February 2017, the Seoul Central District Court officially declared the bankruptcy of Hanjin Shipping Co Ltd

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South Korean police are seeking an arrest warrant for the chairman of Hanjin Group, Cho Yang-ho, on charges of breach of trust, Reuters reported citing police officials.

Hanjin Group is the parent company of Hanjin Shipping and Korean Air airline, South Korea’s top airline.

Mr. Cho is under investigation over suspicion that he used company funds for personal purposes, including renovation of his home between the period of May 2013 and August 2014.

As part of the investigation, South Korean police raided the headquarters of Korean Air Lines in July.

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When questioned by police last month, Mr Cho denied accusations, sources say.

National shipping giant Hanjin Shipping was declared bankrupted earlier in 2017, after 40 years of operations.

[divider]

Update

On Tuesday, the Seoul Central District Prosecutors’ Office rejected the police’s request for a warrant to arrest Hanjin Group Chairman, instructing the police to further investigate the case.

Tags: bankruptcyHanjin ShippingSouth Korea
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