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MSC blocks Hanjin loan - corrected

Container carrier peer MSC has hindered the largest shareholder in Hanjin Shipping, Korean Air, from granting a much-needed loan to the collapsed carrier Hanjin, writes local media Korea Joongang.

Photo: Mark Lennihan/AP/Polfoto/Arkiv

Correction: MSC on September 22 2016 rejects being contacted by Hanjin in relation to using the Long Beach terminal as collateral

The largest shareholder in collapsed carrier Hanjin, Korean Air, has now denied a much-needed loan to the carrier after several rounds of negotiations and drawn out deliberations, writes local media Korea Joongang Daily.

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