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Troubled Hanjin far from cutting needed deal on charter fees

TROUBLED Hanjin Shipping has yet to make a life-saving deal to reduce charter fees as part of its debt restructuring plan to avoid bankruptcy, the company conceded.

Troubled Hanjin far from cutting needed deal on charter fees
25 July 2016 - 21:20

Troubled Hanjin far from cutting needed deal on charter fees
TROUBLED Hanjin Shipping has yet to make a life-saving deal to reduce charter fees as part of its debt restructuring plan to avoid bankruptcy, the company conceded.
"At the moment, we haven't reached an agreement," the company said in a statement, adding it is still negotiating with 22 shipowners, reported Hellenic Shipping News Worldwide.
The remark comes after a local media report on July 14 that Hanjin Shipping has almost reached a deal for cutting its leasing rate by 27-28 per cent from the current KRW2.6 trillion (US$2.29 billion).

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