Hanjin Shipping Trading Halted After Plunge to Six-Year Low

Updated on
  • 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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