Media: Shipowners put pressure on debt-plagued Hyundai

The biggest shipowners with charter contracts caught up in Korea's Hyundai Merchant Maritime are allegedly putting their foot down and have rejected a reduction of rates in the signed charter contracts.

by DANIEL LOGAN

The three major shipowners with container ships on charter with the struggling Korean shipping group Hyundai Merchant Marine (HMM) have seemingly put their foot down and continue to reject a reduction of the daily charter rates, reports news media The Loadstar citing sources close to the negotiations.

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