Aha-
So the stranded student(s) on board can also go home?
https://www.theguardian.com/artanddesign/2016/sep/14/artist-stranded-container-ship-rebecca-moss-hanjin
Bankers have loaned US$100m to Korean shipping line Hanjin, likley saving Christmas for tech companies, distributors and retailers. Hanjin's finances ran aground in late August, when it filed for bankruptcy. That filing meant that the company's 97 container ships and the half a million or so containers they carried entered …
And I think that was the plan. It would probably cost them more in legal trouble if the company went into the Korean equivalent of administration with all that cargo still in transit and therefore legally their responsibility. Clear the remaining backlog, fulfill most of the standing contractual obligations, and finish the calendar year with essentially just the ships to deal with.
This would be the same Korea Investment Bank that was involved with Lehman Brothers? I feel so reassured...
And unless I'm missing something, how is it that a trading entity of a corporation that is implied to be healthy (ie Korean "death before dishonour" Air) et al can go bankrupt?
Why do I get the feeling the word "bank" is going to be involved somewhere?