Southern Crop

Southern Crop

Hanjin Shipping Upsets Global Trade After Seeking Protection From Creditors

Following a filing for bankruptcy of South Korea’s Hanjin Shipping Co., U.S. shippers are bracing for steep rate increases on routes to and from Asia. “Hanjin accounts for 3.1% of global container capacity, according to maritime data provider Alphaliner.” Going into the holiday season, how will this be an impact to us?

 

Read more about what caused Hanjin to file for bankruptcy and what the US, among other worldwide trading ports, might have to do to make up for what will be lost.

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