Hanjin Shipping Bankruptcy

Hanjin Shipping

Hanjin Shipping is the first major container carrier line to be dragged down by global industry overcapacity and comparatively low freight rates. The company had debt in excess of $ 5 billion as of end of June 2016, according to its court filing.     This is our wrap-up article about the Hanjin Shippings’ application for court receivership less then two months ago. The latest developments in brief: Hanjin Shipping received court approval to seek buyers for assets in order to pay back creditors Entire operations of Hanjin Shippings US to Asia......

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