Hanjin's rescue plan "realistically impossible" and fleet still scattered
While many of Hanjin's vessels are still stranded and large amounts of freight need to be discharged, a South Korean court overseeing the carrier's collapse states that saving Hanjin from bankruptcy is realistically impossible, reports Reuters.
BY RITZAU FINANS & OLE ANDERSEN
It is impossible to save Hanjin from bankruptcy if the carrier's so-called top priority debt is more than 1 trillion Korean won, the equivalent of USD 896 million, says the South Korean court overseeing Hanjin's collapse, according to Reuters.
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