Hanjin Shipping is expected to be given an extra month to get its debt rescheduling program in place.
Korea Development Bank and other creditors will meet next week to discuss extending the initial August 4 deadline by one month.
Among many measures creditors have demanded, Hanjin Shipping must negotiate lower charter fees from its tonnage providers, something that has proven tricky so far with Gerry Wang, head of Seaspan, among a number of companies refusing to budge on the matter.
Hanjin Shipping is in discussions with 22 different owners over 60 chartered-in boxships and bulkers, including seven Seaspan boxships.
