Hanjin Shipping, questioned by the Korea Stock Exchange, has confirmed earlier reports carried by this site that it is looking at selling assets to cut its debt ratio.
The Korean line is looking at offloading an office building in London as well as terminals at home and overseas.
“(Various plans) are under consideration to secure liquidity and improve finances, but nothing has been decided yet,” the company said in a filing.
Hanjin Shipping must pay off some debt to make it eligible for a government shipping fund. The capital is available to lines that have reduced their debt ratios to less than 400%.