Hanjin Shipping’s creditors are expected to approve a corporate rehabilitation program for the struggling container line, local media reports suggest.
Seven lenders, led by the state-run Korea Development Bank, are reported to be set to agree to the deal on Wednesday, according to the Korea Herald.
South Korea’s largest shipowner is said to have submitted a formal request to restructure its debt on 29 April, the newspaper said quoting unnamed sources.
The
