Hanjin facing severe difficulties from chartered vessels

Container ship lessor Seaspan Corp. refuses to accept Hanjin Shipping's pleas for a 30 percent reduction in charter rates. The South Korean carrier is struggling to lower rates as part of ongoing restructuring efforts.

BY BLOOMBERG NEWS

Seaspan Corp., the worlds biggest container ship-leasing company, said it will not 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.

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