Hanjin Shipping

Hanjin Shipping is the world’s seventh-largest container shipping company worldwide and number one in Korea, with a fleet of 98 container vessels. Founded in South Korea in 1949, Hanjin is present in 60 countries with approximately 6,000 employees. Hanjin will join THE Alliance when that vessel-sharing agreement enters force in 2017.

The cash from Korean Air Lines is separate from an earlier announced plan to raise liquidity at Hanjin Shipping.
26 Aug 2016
Korean Air Lines is swooping in to support Hanjin Shipping.
02 May 2016
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.
02 May 2016
Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.
28 Apr 2016
The struggles of South Korea's largest container lines have created a new top shipowner in the country.
22 Apr 2016
Hanjin Shipping wants its main creditor, the Korea Development Bank, to take over management of the company to restructure its debts and streamline its operations.
29 Mar 2016
Container lines are unlikely to go under despite freight rates falling to historical lows and zero freight being offered on some routes out of Asia, with governments and creditors expected to step in and salvage failing carriers, believes Drewry.
17 Mar 2016
Hanjin Shipping will replace its joint pendulum service connecting the U.S. West Coast to Asia and the Mediterranean with an exclusive Hanjin-supplied service as the carrier restructures its network in the face of surplus capacity and weak demand.
09 Mar 2016
The CKYHE Alliance is reorganizing its service network for Asia-Europe and Asia-Mediterranean trades as the carriers try to counter the weak demand and excess capacity that is plaguing the route and dragging down freight rates.
07 Mar 2016
Hyundai Merchant Marine and Hanjin Shipping would stand a better chance of surviving their crushing debts if the carriers were merged, something that Drewry believes is now a distinct possibility.
Hyundai New York container ship
29 Feb 2016
Hyundai Merchant Marine has once again rejected speculation of a merger with fellow South Korean carrier Hanjin Shipping and clarified the role of a financial adviser serving the ailing ocean carrier.
24 Feb 2016
Hanjin Shipping is seeking to offload a variety of assets to remain solvent ahead of the maturation of $406 million in debt in the first half, according to a report from Yonhap News, a South Korean newswire.
19 Feb 2016
Korea Investors Service, a credit rating agency in South Korea, has placed Hanjin Shipping on a watchlist for a potential downgrade as it struggles to cope with a down market across its business segments, particularly containers and dry bulk.