Hanjin Shipping bankruptcy likely to hurt container hauliers


The fallout from the bankruptcy of Hanjin Shipping is likely to be far reaching with hauliers operating out of Felixstowe potentially facing writing off large debts. The South Korean shipping line, the world’s seventh-largest container shipper, filed for bankruptcy protection on 31 August, immediately raising concerns regarding liabilities for customer cargoes being shipped on Hanjin vessels. One UK container haulier told Motortransport.co.uk it had seen a letter from the company dated 30 August explaining that creditors were not extending further financial […]