Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Hanjin: Final curtain falls on shipping saga
Source: BBC
Hanjin: Final curtain falls on shipping saga
By Andreas Illmer
BBC News
17 February 2017 Business
Hanjin Shipping used to be one of the world's top 10 shipping companies. But now it faces the final curtain.
Friday is the deadline for the firm to be declared bankrupt by a South Korean court after months of uncertainty.
Hanjin's collapse is the largest to hit the shipping sector and it sent shockwaves through the industry.
What went wrong?
For years, the global economic downturn had affected profits across the cargo shipping industry. It led to overcapacity, lower freight rates and rising debt levels.
[font size=1]-snip-[/font]
By Andreas Illmer
BBC News
17 February 2017 Business
Hanjin Shipping used to be one of the world's top 10 shipping companies. But now it faces the final curtain.
Friday is the deadline for the firm to be declared bankrupt by a South Korean court after months of uncertainty.
Hanjin's collapse is the largest to hit the shipping sector and it sent shockwaves through the industry.
What went wrong?
For years, the global economic downturn had affected profits across the cargo shipping industry. It led to overcapacity, lower freight rates and rising debt levels.
[font size=1]-snip-[/font]
Read more: http://www.bbc.com/news/business-38953144
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
