SEOUL, South Korea – Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy.
Hanjin's lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) to help the shipper unload cargo stranded offshore.
13:33 Swiftships receives $14 million Iraqi navy contract modification
11:26 Canadian fund Caisse buys $155 million stake in Indian logistics firm
18:57 Bank Leumi to pay $1.6 million over 'unregistered' cross-border business
12:45 Oasis Petroleum offers stock to raise funds for Bakken purchase