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News ID: 68914 |
Publish Date: 15:04 - 17 September 2016

Hanjin Shipping would sell of most of its ships

SEOUL South Korea's Hanjin Shipping Co Ltd, whose collapse has disrupted global trade, is considering a restructuring plan to sell more than half its ships, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Hanjin Shipping would sell of most of its shipsAccording to MANA, With debt of about 6 trillion won ($5.33 billion) at the end of June and the South Korean government's unwillingness to mount a rescue, expectations are low that Hanjin Shipping will be able to survive.
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