Independent journal on economy and transport policy
12:03 GMT+1
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the creditors of Hanjin Shipping and Hyundai Merchant Marine could decide the fusion of the companies
The president of the Financial Services Commission has asserted
June 14, 2016
The creditors of the South Korean shipowning societies Hanjin Shipping and Hyundai Merchant Marine (HMM) could decide the fusion of the two companies. He has asserted yesterday in an encounter with prints South Korean Yim Jong - yong, president of the Financial Services Commission (FSC), for services financial the national authority of vigilance, specifying that the banks creditors they will decide, on the base of the outcome of the put plans of reorganization in existence from the two companies, if to forward independently the activity of Hanjin and HMM or if to put into effect a fusion.
Yim has remembered that past friday Hyundai Merchant Marine has concluded with success comes to an agreement for the reduction of the rates of chartering of the ships of own fleet ( on 10 June 2016), while it has specified that Hanjin Shipping is still in the starting phase of the negotiations in order to obtain a reduction in price on the hire installments.
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