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"Bondholders of Hyundai Merchant Marine will gather to decide whether to approve a debt recast offer by the financially shaky shipper amid growing pressure from its creditors to join a move to salvage the country's No. 2 shipping line, industry sources said Tuesday.", www.koreatimes.co.kr
"Korea’s two largest container operators are at a crossroads in negotiations with shipowners to cut leasing rates for their chartered ships, sources said Thursday.Hanjin Shipping is struggling to make progress in talks on charter fees -- a major burden on the heavily indebted shipper’s balance sheet. Meanwhile, its smaller rival Hyundai Merchant Marine is expected to reach an agreement this week at earliest. “Hanj...", www.koreaherald.com
"Financially troubled Hanjin Shipping has not made any progress in its negotiations with the owners of its chartered ships to cut leasing rates, one of the key preconditions set by its creditors to avert court receivership, industry sources said Thursday.", www.koreatimes.co.kr
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