Four of Hanjin Shipping’s 4,275 TEU containerships were sold to South Korean company Korea Marine Transport Co (KMTC) for a price of USD 22.4 million, according to data provided by VesselsValue.

The 2008-built Panamaxes, which were sold through a bank sale, are the Hanjin Durban, Hanjin Norfolk, Hanjin Piraeus and Hanjin Rio de Janeiro.

Featuring a length of 260 meters and a width of 32 meters, the vessels, built by South Korea’s Samsung Heavy Industries Co, fetched a price tag of USD 5.6 million each.

VesselsValue data shows that each of the boxships has a market value of around USD 5.3 million.

The sale comes only days after Dutch media reported that three 13,000 TEU Hanjin containerships were sold at an auction in Rotterdam for a total of USD 392 million.

The 2012- and 2013- built Hanjin Europe, Hanjin Africa and Hanjin Harmony were reportedly sold on behalf of the German HSH Nordbank.

Another Hanjin ship, the Hanjin Gold, is expected to be auctioned off by a Rotterdam court in January 2017.