JULY 19, 2017 — The OW Bunkers collapse and the bankruptcy of Hanjin Shipping underscore the fact that vessel operators are sometimes exposed to the financial failures of their business counterparties. To
MARCH 8, 2017—Back this past February, a South Korean court declared Hanjin Shipping bankrupt. The bankruptcy sent shockwaves through the shipping industry. Montgomery McCracken’s Wook Chung, Esq., the former general counsel for
FEBRUARY 17, 2017 — South Korea’s Yonhap news agency reports that Hanjin Shipping Co. was today officially declared bankrupt by the Seoul Central District Court, after a two-week period for appeal expired.
OCTOBER 19, 2016 — Has the container shipping market bottomed out? Global shipping consultancy Drewry thinks so. It says that the Hanjin Shipping receivership marks the trough of the market. Its latest
SEPTEMBER 29, 2016 — The ITF (International Transport Workers’ Federation) yesterday described the refusal of shore leave to seafarers on board Hanjin ships in the U.S. as a denial of human rights.
SEPTEMBER 23, 2016 — The status of Hanjin Shipping and the disruptions caused by its bankruptcy to the American shipping community, as well as global supply chains, was examined closely by the
SEPTEMBER 20, 2016 — Yonhap news agency reports that South Korea is seeking diplomatic help to sort out the mess left by the collapse of Hanjin Shipping. Hanjin’s court-sanction self-restructuring plan has
AUGUST 31, 2016 — South Korea’s largest container shipping company, Hanjin Shipping Co. filed for receivership in Seoul Central District Court today. The filing underscores the pressures facing shipping companies world wide.