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Hanjin Chairman: Firm Lost a 'game of chicken' with Rivals

Hanjin's failure largest ever among container shippers; collapse has disrupted global trade networks. The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by their governments, the chairman of its…
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Hanjin’s Fall Will Not Fix the Global Shipping Industry’s Ills

Vehicles / Watercraft : gCaptain

By Nick Carey CHICAGO, Sept 12 (Reuters) – Following the collapse of Hanjin Shipping Co Ltd, container shipping rates from Asia to the United States spiked 50 percent as the carrier’s customers scrambled for ships. Few shipping indu...

Hanjin Collapse May Help Fuel Tech Start-Ups

Vehicles / Watercraft : gCaptain

By Jeremy Wagstaff SINGAPORE, Sept 29 (Reuters) – The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea’s Hanjin Shipping Co Ltd, is slowly waking up to the redee...

Hanjin’s Plan Could See Sale of Most Ships -WSJ

Vehicles / Watercraft : gCaptain

SEOUL, Sept 17 (Reuters) – South Korea’s Hanjin Shipping Co Ltd, whose collapse has disrupted global trade, is considering a restructuring plan to sell more than half its ships, the Wall Street Journal reported on Friday, citing peo...

CMA CGM Eying Consolidation Opportunities in Wake of Hanjin Collapse

Vehicles / Watercraft : gCaptain

ABIDJAN, Sept 20 (Reuters) – CMA CGM will look at opportunities in container shipping triggered by the collapse of South Korea’s Hanjin Shipping, the French group’s vice chairman said on Tuesday. Hanjin, the world’s seventh largest ...

Is Container Shipping World Shrinking?

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Drewry says that the container shipping world is shrinking as M&A and carrier failures increase. Is reduced competition the real cost of low rates? The container shipping world is getting smaller. Hanjin Shipping may continue as a r...


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