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.
Photo: Hanjin
Photo: Hanjin

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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