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Hanjin Shipping: Slow-Steaming into Bankruptcy Causes and Effects

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Title: Hanjin Shipping: Slow-Steaming into Bankruptcy Causes and Effects
Authors: Pauli, Jonna
Wolf, Mathias
Issue Date: 29-Jun-2017
Degree: Master 2-years
Series/Report no.: Master Degree Project
Keywords: Hanjin Shipping
Container shipping industry
Container liner shipping bankruptcy
Shipping management
Shipping finance
Abstract: Container shipping is vital to and a driving force behind global economic growth. One of the industry’s largest carriers collapsed in August 2016, an event of unprecedented magnitude and predicted to cause major disruptions for world trade. Hanjin Shipping was Korea’s main container shipping line and played an essential role for the country that is exceedingly dependent on seaborne trade. The carrier collapsed at a time when market conditions had gotten progressively worse and market partic... more
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