Sep 11, 2016
Hanjin's collapse has some pretty serious ramifications for global shipping.
Proceed to the page: http://linkis.com/Nc3nqA shipping company drowned at sea has kicked up a storm of worries. The gales should subside even if the industry’s long-term problems don’t.
By Tyler Durden When we reported on the stunning collapse of South Korea’s Hanjin Shipping, the country’s largest shipping firm and the world’s seventh-biggest container carrier, …
The Hanjin collapse has led to frozen ships around the globe, roiling the industry as freight rates surge, panicked cargo owners try to locate their goods, and manufacturers scramble for alternatives.
The Hanjin collapse has led to frozen ships around the globe, roiling the industry as freight rates surge, panicked cargo owners try to locate their goods, and manufacturers scramble for alternatives.
The world 7th largest container shipping company, Hanjin Shipping, declared bankruptcy on Wednesday. Hainjin was unable to reach a deal with its creditor banks. This is the largest ever bankruptcy to hit the industry. The company owned a fleet of 150 containerships and bulk carriers, is the owner...
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