Browsing Tag

Hanjin Shipping bankruptcy

7 posts

Court to pull plug on Hanjin Shipping Feb. 17

A Seoul court is set to announce this month the bankruptcy of South Korea’s former top ocean box carrier Hanjin Shipping, paving the way…
  • February 6, 2017
  • 2 minute read

S Korean gov’t forms rescue plan for shipping industry

The South Korean government has announced a sweeping industrial restructuring plan to stave off the deterioration of the local shipping industry, including massive orders…
  • November 2, 2016
  • 4 minute read

‘There will very likely be more Hanjins,’ warns report

The passing of South Korean ocean shipping behemoth Hanjin is not an isolated case and, given the current situation in the industry, there is…
  • September 12, 2016
  • 3 minute read

Hanjin gets court protection to unload cargo at US ports

Cash-strapped Hanjin Shipping Co. has been given provisional court protection in the U.S. to unload cargo at some ports without worrying about its ships…
  • September 10, 2016
  • 2 minute read

Box freight rates surge as Hanjin goes belly-up

Spot container freight rates on the major routes from Asia soared by up to 42% on Thursday, September 1, following the collapse of Hanjin…
  • September 6, 2016
  • 1 minute read

Hanjin’s crash to leave a huge mess, says Drewry

South Korean carrier Hanjin Shipping’s filing for court receivership last week debunks the notion of the invincibility of major container carriers and brings short-…
  • September 6, 2016
  • 4 minute read

Hanjin out of CKYHE alliance, has 45 vessels rejected at ports

Beleaguered Hanjin Shipping Co., South Korea’s leading container shipper currently under receivership, said September 2 that 45 of its ships, including 41 container carriers,…
  • September 3, 2016
  • 3 minute read