News / New shock for liner shipping as now Hanjin applies for debt restructuring

25/04/2016

South Korea’s biggest container line, Hanjin Shipping, today submitted an application to the state-owned Korea Development Bank for a creditor-led debt restructuring programme .

Hanjin thus joins its compatriot, Hyundai Merchant Marine (HMM), in seeking a deal with creditors.

The rapid demise of Hanjin – thought to be in a ...

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