Shipping firms in stalemate korea news

“Mr. Kim, what do you think about the destiny of Hanjin Shipping and Hyundai Merchant Marine? Is it possible for them to keep their business in the future?” These were a series of questions that I had to respond to our foreign guests who attended our company's 20th anniversary of Korea-Singapore and Malaysia container liner service held in the two countries at the end of last April. Many people in Asian countries seemed to be curious about the further development of Korea’s mega carriers which are in a de facto in insolvent status due to tremendous debts. As flagship shipping liners in Korea for the last two decades, Hanjin and Hyundai have represented our shipping industry with annual sales, handling volume and number of operating fleets. http://ift.tt/1rFNlUK