Hanjin Shipping Gets 3-Month Reprieve From Creditors Amid Losses

  • Hanjin must have participation of shipowners, bondholders
  • Hyundai Merchant is in talks for charter rate-cut agreements

Hanjin Shipping Co., South Korea’s biggest container carrier, received a temporary reprieve from creditor banks amid mounting losses and debt from a prolonged slump in shipping rates.

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