EnTroubled carrier Hyundai Merchant Marine got bondholder approval for restructuring another tranche of bonds in its attempt to rebase its 5.2 trillion won ($4.36 billion) debts according to Yonhap. Its shares rose 13.6%. It is also trying to cut its leasing rates to reduce financial pressures. Financial struggles are a common theme amongst carriers currently, … Continue reading “Hyundai Merchant Marine Continues Debt Restructuring”...
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