KDB to extend $45 million credit line to help unload Hanjin cargo

September 23, 2016

Korea Development Bank, the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won ($45 million) credit line to help Hanjin unload stranded cargo. An estimated $14 billion of cargo was trapped on Hanjin ships when the world's seventh-largest container carrier collapsed late last month, creating havoc ahead of the crucial holiday shopping season.

Full Story at Reuters >