Hanjin Shipping Suffers Setback as Seaspan Opposes Fee CutBy
South Korean liner proposed 30% cut in charter rates in revamp
“Won’t tolerate a contract renegotiation”: Seaspan CEO
Seaspan Corp., a container ship-leasing company, said it won’t accept Hanjin Shipping Co.’s request for a cut in charter rates by about 30 percent, dealing a blow to efforts by South Korea’s biggest liner to revamp debt amid a prolonged trade slump.
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