ShippingWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs