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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

Headed for another year of losses, Hanjin Shipping has been trying to reschedule debt under a voluntary programme led by creditors since May.


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...

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