Doubts raised on Hanjin rehab plan as ships clog Busan port

The South Korean court handling Hanjin Shipping's 117930.KS receivership cast doubt on the container carrier's ability to survive a restructuring, news reports said, as 13 Hanjin ships crowded waters outside the country's biggest port.

A rehabilitation plan for the world's seventh-largest container carrier is "realistically impossible" if top priority debt such as backlogged charter fees exceed 1 trillion won ($896 million), the Seoul Central District Court said...

This has been excerpted from 21 September 2016 edition of Reuters Canada and is available in its entirety at:
http://ca.reuters.com/article/businessNews/idCAKCN11R05Z