Hyundai Merchant pushes back restructuring deadline

Crisis-stricken Korean container carrier Hyundai Merchant Marine is now pushing back the deadline for a financial restructuring plan by one month. The move allegedly comes in the wake of negotiations for a place in Maersk Line and MSC's 2M alliance.

BY JOHANNES HARTKOPF-MIKKELSEN

The deadline for the financial restructuring plan that will help save the struggling South Korean container carrier Hyundai Merchant Marine (HMM) has been pushed back one month, informs the carrier according to several media outlets, including the Korea Times.

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