The sale of the operator of a Long Beach, Calif., container terminal has provoked stiff opposition from Hanjin Shipping Co.’s U.S. creditors, many of whom say the deal is designed to bypass them. Hanjin has asked Judge John Sherwood of the U.S. Bankruptcy Court in Newark, N.J., to sign off on a proposed $78 million sale of the business, overruling creditors that have fought the deal and aim to keep as many of the shipper’s assets in...

Source: Wall Street Journal January 13, 2017 21:33 UTC