Hanjin Shipping Suffers Setback as Seaspan Opposes Fee Cut

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.