Deutsche Bank: Hanjin may need debt relief

Hanjiin Shipping is in trouble. The major shipping group may soon be forced to go door to door and beg creditors for debt relief, notes Deutsche Bank.

BY MATHIES HVID TOFT

While Hyundai Merchant Marine is fighting to avoid receivership, another South Korean shipping giant, Hanjiin Shipping, is also struggling and barely keeping its head above water The carrier may need debt relief from its creditors if it cannot renegotiate charter rates on several of its 56 chartered vessels, writes Deutsche Bank, citing Korean media Mael Business Daily.

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Deutsche Bank: Hanjin may need debt relief

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Media: Shipowners put pressure on debt-plagued Hyundai

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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