Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Hanjin lost in ‘game of chicken’, chairman says

Excerpts from Reuters:

The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by their governments, the chairman of its parent firm told a South Korean parliamentary hearing on Tuesday.

“Hanjin Shipping lost the game of chicken played among large shippers,” Hanjin Group chairman Cho Yang-ho told the hearing.

“As […]

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Hanjin Group head vows to transform ailing shipping line into global top player

The Global Post reports that ‘Hanjin Shipping is South Korea’s No. 1 shipping company, but like others in the industry, it has been weighed down by a drop in global trade triggered by the 2007-2008 global financial crisis, as well as being hurt by inefficient ships and stiff overseas competition.’

Cho Yang-ho, the new […]

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