Hanjin Shipping will be delisted in two weeks after it was officially declared bankrupt last Friday.
The South Korean liner company will remove its shares from the Seoul Stock Exchange on 7 March.
It said in a regulatory filing that the pre-delisting trading period will start tomorrow and will last until 6 March.
Shares in Hanjin were down nearly 18% today at KRW 780 ($0.68) each.
They have recorded a steep decline after the company filed for bankruptcy at the end of last summer, when they were changing hands at more than KRW 2,000 each.
Hanjin added bankruptcy proceedings are underway as a trustee has been appointed to lead the sales of its assets.
Creditors have until 1 May to submit their claims against Hanjin.
Korean media reported yesterday that Hanjin bondholders are facing a loss of KRW 1.2 trillion.
Greek owner Danaos Shipping reported a $205.2m charge for five 3,400-teu vessels formerly chartered to Hanjin and representing 20% of its fixed contract revenue.
During its 40-year history, Hanjin had become the world’s seventh largest liner company with 1,300 employees and more than 130 ships.
VesselsValue estimates the value of its current fleet at $986m, comprising 29 containerships and 13 bulkers.
