Shippers look deeper than carrier losses to avoid next Hanjin

When shippers awoke on Aug. 31, they faced q new reality: Hanjin Shipping, along with many of its retail, manufacturing and other shipper customers, assumed the company’s main creditor, the Korean Development Bank, would blink and grudgingly accept the container line’s plan to tackle its $5 billion debt. They were wrong. The bank had had enough.
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