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News / Hanjin creditors can expect to get back less than two cents in the dollar

Hanjin vessel
© Mihail Ivanov
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Thousands of creditors of bankrupt ocean carrier Hanjin Shipping can expect to get back less than two cents in the dollar, after it was revealed that claims approved so far total some KRW12tr ($10.5bn).

The mind-boggling extent of the South Korean carrier’s indebtedness was revealed in a declaration ...

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    Bankruptcy Blues Hanjin HMM Korea Korea Shipping Partnership SM Line The fall-out from Hanjin