Hanjin Shipping wants to extend its restructuring deadline by another month.
The Korean company needs time to meet all its obligations to access debt relief from creditors, according to financial industry and company sources cited by the Maeil daily.
The shipowner has judged it would be impossible for it to refinance before the 4 August cut-off point set by creditors.
The company has to reduce charter-in fees for ships, as well as reschedule bank loans and bond payments, in the same way that domestic rival HMM has succeeded in doing.
It
