26/04/2016at 10:09

Hanjin to divest dry bulk vessels and property

Korean Hanjin plans to generate USD 357 million by selling items such as dry bulk activities while the debt-stricken shipping group negotiates with shipowners for a reduction in charter contracts. Without lower prices, a debt restructuring will not be an option, say the creditors.

Der bliver igen åbnet op for en storfusion mellem Hyundai merchant Marine Co. og Hanjin Shipping. | Photo: Lee Jin-man/AP/POLFOTO/arkiv

BY MATHIES HVID TOFT

Negotiate the price down on your charter contracts or go bankrupt. This is the ultimatum presented to struggling Hanjin Shipping by its creditors.

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