- ABOUT US
- JOIN US
- Our Network
September 23, 2016
The Hanjin bankruptcy came as no surprise given the firm’s inability to restructure its finances, and it highlights the weakness of a system in which owners charter ships to companies that don’t own or control the cargoes.
Hanjin is the tip of the iceberg for shipping in the container and dry-bulk sectors: together, they service both ends of the manufacturing chain in a slowing global economy.
The financial state of shipping continues to decline. Read more…
Source: The Maritime Executive