Hanjin Shipping - Filing court receivership

[ALBA MELV]

Not sure if there's much interest in shipping. Yesterdays announcement from Hanjin will certainly affect capacity on other lines vessels from Far East West Bound.

Hanjin Shipping Upsets Global Trade After Seeking Protection From Creditors

Wall Street Journal link - http://www.wsj.com/articles/hanjin-shipping-upsets...

Reuters - http://www.reuters.com/article/us-hanjin-shipping-...

[Trevatanus]

ALBA MELV said:

Not sure if there's much interest in shipping. Yesterdays announcement from Hanjin will certainly affect capacity on other lines vessels from Far East West Bound.

Hanjin Shipping Upsets Global Trade After Seeking Protection From Creditors

Wall Street Journal link - http://www.wsj.com/articles/hanjin-shipping-upsets...

Reuters - http://www.reuters.com/article/us-hanjin-shipping-...

Your fine. They used to sponsor Renault F1, so it's motorsport related. Although, according to the date at the top of the article, it was written 115 years ago.



http://www.crash.net/f1/news/58182/1/renault-to-ca...

[ChemicalChaos]

They've gone tits up and now their ships are being kept at sea barred from docking anywhere.
The ships are full of things like Just In Time parts for manufacturers, and the beginning of Christmas inventory for many shops.
I suspect this will become rather catastrophic for global supply and trade.

http://www.cnbc.com/2016/08/31/hanjin-shipping-ves...

Also, mods - might be worth moving the Npe if it gets to be a much bigger story?