Posts Tagged: hanjin shipping

The shipping industry, which has faced several challenges over the last several years, including overcapacity, price wars and freight rates below break-even levels, is now showing signs of recovery, according to a recent article in the Wall Street Journal. Due to an improving global economy, industry executives and analysts indicate that the worse may behind… Read More

The announcement of Hanjin Shipping’s receivership filing on Wednesday caused the shipping industry – from freight brokers to shippers – great concern over the impact of this development on the global supply chain. Hanjin is the largest container shipping company in South Korea and the seventh largest in the world, with daily capacity at 25,000… Read More