Container

Hanjin granted emergency loan from key shareholder

Korean Air, the largest shareholder in Hanjin Shipping, has now approved a move to grant the collapsed container carrier a loan of USD 54 million with collateral in outstanding debt from Hanjin's customers, reports Reuters.
Photo: PR-foto/Hanjin Shipping
Photo: PR-foto/Hanjin Shipping
BY JOHANNES HARTKOPF-MIKKELSEN

Collapsed carrier Hanjin Shipping will now receive an emergency loan to help pay for the unloading of the carrier's many stranded container ships, reports Reuters.

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