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MercoPress, en Español

Montevideo, November 15th 2024 - 01:58 UTC

Tag: Hanjin Shipping

  • Friday, February 17th 2017 - 10:46 UTC

    Korea's Hanjin Shipping, world's seventh largest, goes down

    Crippled with US$5.4bn in debt in August 2016, the company failed to get any more money from its creditors.

    Hanjin Shipping used to be one of the world's top 10 shipping companies, but now it faces the final curtain. This 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.