Hanjin Shipping Rises as Merger Hope Eases Survival Concern

Updated on
  • Government signals merger with smaller rival is possible
  • Shipping line is in talks with shipowners to cut charter fees

Hanjin Shipping Co. gained the most in a week in Seoul trading as concerns that the unprofitable shipping line wouldn’t be able to survive eased after the government indicated a merger with a smaller rival is possible.

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