Henna Released from Jeju Arrest

HNA Cruises’ Henna has been released from its detainment on Jeju Island in South Korea after HNA and its parent company paid approximately $2.7 million.

The ship sailed from Jeju at 9:00pm local time, with a small number of passengers onboard that opted not to fly home on company-provided planes and stay on the 1986-built ship.

The arrest follows various legal dramas pitting the HNA Group, a major Chinese corporation that owns an airline, the Henna and various other companies, against Shagang Shipping.

Shagang claims HNA Group owes some $58 million on a bulk carrier charter agreement dating back to 2008.

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