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.

News ID: 68914

Date: 17 September 2016 - 15:04

According 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.