You are here

3 Korean shipping firms face cash crunch

[SINGAPORE] South Korea's three biggest shipping firms face a cash crunch as three trillion won (S$3.5 billion) of bonds are due for repayment in the next two years amid mounting losses from a global slump in rates to carry cargo. Hanjin Shipping Co, Hyundai Merchant Marine Co and STX Pan Ocean

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom