Hanjin Shipping gets three months to settle its future

Korea's debt-stricken Hanjin Shipping has been granted three months to settle its placement in one of the major alliances. This is one requirement from the carrier's biggest creditor.

BY OLE ANDERSN

Hanjin Shipping, South Korea's largest container carrier, has been granted three month's reprieve from lenders while the carrier negotiates with shipowners and bondholders about a reconstruction of the carrier's sky-high debt.

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