South Korea

26 May 2017
Prior to the collapse of the national shipping line, Busan was poised to supplant Hong Kong in global port rankings.
14 Sep 2016
Hanjin Shipping has said it regrets the bottlenecks and complications that have arisen from its bankruptcy and promised to resolve these issues as soon as possible.
14 Sep 2016
Shipping restructuring specialists believe that Hanjin Shipping will ultimately be liquidated, not rehabilitated.
13 Sep 2016
The South Korean port of Gwangyang is doing all it can to ensure that cargo handling continues as smoothly as possible in the chaos that Hanjin Shipping’s fall into bankruptcy spawned.
While Korean Air Lines has approved funding needed to rescue Hanjin Shipping boxes, a complex exhange of shares in a Long Beach container terminal remains an issue.
12 Sep 2016
The board of Korean Air Lines has approved spending that will allow the Hanjin Group to help deliver Hanjin Shipping cargo stuck on ships and in ports around the world.
09 Sep 2016
A South Korean bankruptcy court has approved the use of $10 million by Hanjin Shipping to unload four of its stranded ships in US waters, a US bankruptcy court in New Jersey heard Friday.
09 Sep 2016
A new intra-Asia alliance is on the cards following Hanjin's collapse.
Every moment that Hanjin Shipping cargo remains in limbo threatens further disruption and costs for myriad industries.
08 Sep 2016
The push underscores a restlessness within the transportation industry with the customary pace of a Chapter 15 bankruptcy filing — something that has historically taken months to years to play out.
08 Sep 2016
Korea will tap its domestic carriers to send another 20 vessels to help clear up the mess left by Hanjin Shipping after it filed for receivership on Aug. 31.
The South Korean government hopes new programs and more funding for existing initiatives will help the ports of Busan and Gwangyang, pictured, recover from the fallout of Hanjin Shipping's collapse.
07 Sep 2016
The South Korean government is giving the port authorities of Busan and Yeosu Gwangyang millions of dollars in an effort to spur an early recovery of transshipment volumes from bankrupt Hanjin Shipping.
06 Sep 2016
Nearly 100 companies are working to either recover expenses from Hanjin Shipping or retrieve stranded cargo via US bankruptcy courts, while electronic giants HP and Samsung are taking a different track by supporting the Korean carrier’s Chapter 15 filing in the hopes it will speed up the release of cargo.