Hanjin expected to submit new restructuring plan this week

South Korean Hanjin Shipping will reportedly submit its latest restructuring plan this week, and Korea's Maeil Business reports that owner Hanjin Group will step in with further help. The carrier is also allegedly closer to reaching agreement with one obstinate shipowner in particular.

Photo: Hanjin

South Korea's largest shipping group, Hanjin Shipping, is nearing its September 4th deadline to submit a plan to sort out the carrier's enormous debt.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CMA CGM expects sharp decline in freight rates

The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.

Further reading

Related articles

Latest news

See all jobs