Hanjin Shipping faces imminent collapse

South Korean container carrier Hanjin Shipping plans to file for receivership after creditors reject yet another rescue plan. State-owned Korea Development Bank has cut off the funds.

BY NIKLAS KRIGSLUND

An actual collapse of Hanjin Shipping has come one step closer after the South Korean container carrier has announced plans to file for receivership this week.

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Hanjin Shipping secures reduced charter rate deal
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Hanjin closer to insolvency as rescue plan is rejected
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Hanjin expected to submit new restructuring plan this week
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