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10 December 2018 The on-line newspaper devoted to the world of transports 05:39 GMT+1

August 22, 2016

Hanjin Group misses deadline for additional financial support to rescue its shipping unit

The fate of debt-ridden Hanjin Shipping Co. remains yet uncertain with its parent group having missed the August 20 deadline to submit additional financial support measures to creditors to salvage its shipping unit from heading to court receivership. All eyes are now on whether the South Korean shipping company would successfully strike a deal with foreign ship owners to reduce chartering fees, a move that is expected to allow its creditors to be more lenient in providing additional financial support ......
Read more on Pulse by Maeil Business News Korea

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