Hanjin Shipping should have enough cash to unload $14 billionStaff Writer | September 23, 2016
South Korea’s government said cash held by Hanjin Shipping and funds pledged by its parent group should meet the costs of unloading some $14 billion in cargo stranded on vessels.
Shipping South Korea stepped in
“We’ve calculated the costs that will be needed to offload the cargo, and this can be covered roughly with the funds that have been pledged,” Vice Finance Minister Choi Sang-mok told reporters on Friday. ■