The collapse of South Korean company Hanjin Shipping has left ships, cargo and crews stranded around the globe.
It highlights the complex consequences of a shipping company going bankrupt, with Hanjin’s creditors and customers waiting to see whether the business can be saved.
Hanjin Shipping Co is one of the world’s top ten container carriers, operating some 70 liner and tramper services, transporting more than 100 million tons of cargo annually. Its fleet consists of some 150 container ships and bulk carriers.
Increased competition a…
Read the full article at: http://www.abc.net.au/news/2016-09-15/explainer-why-hanjin-ships-are-stranded-around-the-globe/7847626
