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Hanjin Shipping bankruptcy

Hanjin Shipping filed for bankruptcy protection Aug. 31, 2016, after months of trying to raise liquidity and restructure its debt, triggering a mad scramble by shippers to locate and gain control of their containers. Hanjin vessels have been arrested and ports are refusing to work Hanjin ships for fear they will not be compensated. Hanjin Shipping's collapse is by far the largest container shipping bankruptcy in history and the consequences will continue to reverberate throughout international supply chains and the transportation sector.

 

 

News & Analysis

29 Sep 2017
Sponsored: MSC's Dimitri Ruggiero, vice president of global accounts, on the top concerns of Mediterranean Shipping Company's customers following 2016-2017 market turmoil including the "Hanjin effect." He discusses the importance of a balance of business stability and diversity, and speculation on larger-ship orders. 
22 Aug 2017
The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.
08 Aug 2017
Creditors of bankrupt carrier Hanjin Shipping have filed claims that would give them only a tiny proportion of what is owed, a company attorney has told a New Jersey bankruptcy court.
12 Jul 2017
Cosco Shipping's Howard Finkel on its position, and response, as a CKYHE Alliance member during the Hanjin Shipping crisis. He also reports on culture of collaboration and integration process over the last year since the Cosco-China Shipping merger. 
03 Jul 2017
SM Line Corporation plans to add nine more vessels to its fleet by the end of this year.
22 Jun 2017
The unemployment rate of the global fleet continues to edge higher.

Commentary

Some issues in ocean shipping are so predictable that you can plan for them, yet others are not so predictable.

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