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Category Archives: Alert

BREAKING: Hanjin Shipping Files for Receivership

By Simms Showers LLP | Posted on April 22, 2016

South Korea’s largest container carrier – Hanjin Shipping – has just filed for receivership. Years of weak demand have negatively impacted the many maritime industries, including shipping. News of Hanjin’s situation follows reports that South Korean shipowner Hyundai Merchant Marine may avoid similar receivership after agreeing to become a subsidiary of lender Korea Development… Read More »

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