Hanjin Shipping Trading Halted After Plunge to Six-Year LowBy
Creditors decided not to provide fresh loans, Yonhap reports
Shipping lines worldwide have posted losses amid slowing trade
Hanjin Shipping Co. shares were suspended from trading after plunging to the lowest price since 2009 following a Yonhap News Agency report that its creditors refused to provide fresh loans in a move that may boost the likelihood of court protection for the company.
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