Hanjin Shipping secures reduced charter rate deal
After several months of negotiations, Hanjin Shipping has now succeeded in landing an agreement with shipowner Seaspan for reduced charter rates. The carrier has also submitted a restructuring proposal.
BY NIKLAS KRIGSLUND
Hanjin Shipping is currently racing the clock to avoid a bankruptcy, but the South Korean container carrier now looks to have secured a critical breakthrough in its rescue efforts.
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