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However, liquidation remained the most likely outcome for Hanjin
Shipping, the newspaper cited the sources as saying.
Hanjin Shipping, the world's seventh-largest container carrier,
filed for receivership late last month in a South Korean court
and must submit a rehabilitation plan in December.
The company is working on various scenarios and focusing on one
under which Hanjin would retain up to 15 of its 37 ships and
return almost all of its 61 chartered ships to their owners,
leaving a much smaller carrier, the Wall Street Journal said.
A Hanjin Shipping spokeswoman declined to comment to Reuters on
any restructuring scenarios, adding that a court ruling on its
plan was months away.
With debt of about 6 trillion won ($5.33 billion) at the end of
June and the South Korean government's unwillingness to mount a
rescue, expectations are low that Hanjin Shipping will be able
to survive.
(Reporting by Joyce Lee; Writing by Tony Munroe; Editing by
Robert Birsel)
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