I assume (Hanjin) improved after the global monetary crisis, waiting for the marketplace to get better and the coins flows to come,” he stated. “The trouble turned into the market just did not come lower back. They had been looking forward to the market recuperation so that they might retire their quick-time period debt, long-time period debt. That turned into their essential undoing.”
Without a consolidation companion, Hanjin, which changed into considered many of the “decrease tier” of predominant shippers with simply 618,133 TEUs (twenty-foot equal devices) of potential, had trouble attaining the dimensions vital to stay afloat.
For Kapoor, Hanjin is the exception within the enterprise, now not the rule of thumb.
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