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Hanjin now a symbol of shipping industry slump

It still needs 1.3 trillion won to roll over debt following losses in four of last five years
Thursday, September 1, 2016 - 05:50
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Headed for another year of losses, Hanjin Shipping has been trying to reschedule debt under a voluntary programme led by creditors since May.

Singapore

AS lenders halt all support to Hanjin Shipping Co this week, the South Korean container mover is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.

The board of South Korea's largest container-shipping company on Wednesday