What happens subsequent
Analysts Drewry and Alphaliner both said that in trendy, the Hanjin bankruptcy could help the system of consolidation within the industry. Hanjin’s center belongings are to be absorbed into Korean rival Hyundai, in a deal worth between $260 million and $400 million, in keeping with numerous information reports.
As of now, Hanjin and South Korean officers are scrambling to acquire sufficient finances to cover the expenses of cleaning up the modern-day chaos of ships, crews, and cargos stranded round the world. Earlier this week, Hanjin filed for financial disaster protection in the US, which could allow its ships waiting outdoor US ports to dock and dump without fear of seizure by creditors.
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