Market Update: Hanjin Shipping Corporation Facing Insolvency

Media reports this week have confirmed that Hanjin Shipping Corporation has filed for Court Receivership after creditors rejected the debt restructuring plans for the largest container shipping line in South Korea.

Presently, the situation with regard to the group and its assets, including dry bulk and container shipping lines, containers and interests in ports and terminals around the globe is fluid, and Crawford® Marine will keep a close watch as matters develop.

Read the full market update.

GTS-Marine-Transportation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: