October 11, 2016
The poor handling of Hanjin Shipping’s collapse has done irreparable damage to the Korean carrier’s reputation, and it’s improbable that the carrier can be revived, say industry analysts.
According to the Paris-based consultancy Alphaliner, even the Seoul district court’s approval for rehabilitation granted last month will not be enough to rescue Hanjin. Furthermore, a merger with Hyundai Merchant Marine (HMM), or any potential “white knight,” can also be ruled out, given its financially encumbered status.