I arrived in the Philippines for the first time in early 1972, landing at Clark Air Base before experiencing the breathtaking bus ride to the U.S. Naval Base Subic just outside Olongapo City. I was to meet the USS Kitty Hawk CVA-63 on its next port of call, the first of many deployments during the Viet Nam campaign. During my…
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The creditors of Hanjin Heavy Industries and Construction (HHIC), the financially troubled South Korean shipbuilder, are expected to receive compensation for unpaid loans in a debt-for-equity swap, which will leave them in control of the company. Korea Development Bank (KDB), the state-owned policy bank which holds the largest share of HHIC’s outstanding debt, said that the group of creditors have…