SAFETY4SEA Awards
2017
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SAFETY4SEA Awards
2017
Learn More

Tag: Hanjin

Allianz: Safety & Shipping Review 2017

According to the report, cyber, autonomous shipping and piracy risks are the current major concerns for the industry as economic pressures challenge budgets. 85 large ships lost worldwide in 2016, down 50% over a decade. Top losses were reported in South China and Southeast Asia and now East Mediterranean region is considered as the top incident hotspot.

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S.Korea court declares Hanjin Shipping bankrupt

hanjin

On February 17, the Seoul Central District Court officially declared the bankruptcy of Hanjin Shipping Co Ltd which had been the world's seventh-largest container shipper. Earlier this month, the South Korean Court decided in favor of a bankruptcy following estimation that the company's liquidation value would be worth more than its value.

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