South Korea’s largest container operator, Hanjin Shipping Co. filed for bankruptcy protection on Wednesday. The filing was one day after the company’s creditors decided to discontinue financial assistance of more than $896 million. The courts will decide whether Hanjin will be able to survive after restructuring, or if the company will be liquidated. Hanjin is […]
The Hanjin Shipping bankruptcy continues to have worldwide impacts with legal battles over cost and equipment liabilities related to the bankruptcy playing out in the courts. But there is a glimmer of good news on the horizon. Hanjin filed for court protection in August 2016 after its creditors, led by Korea Development Bank (KDB), decided […]
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