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Hanjin Shipping Co., Ltd. was a South Korean logistics and container transport company. Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity. Hanjin was declared bankrupt by South Korean courts on 17 February 2017. [1]
The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation ...
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The Hanjin Sooho class is a series of 9 container ships built for the now defunct Hanjin Shipping. The ships were built by Hyundai Heavy Industries in South Korea . The ships have a maximum theoretical capacity of around 13,102 twenty-foot equivalent units (TEU).
The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales.. The retailer, known for selling storage and organizational ...
Karnaphuli Group is also involved in container shipping and owns 65 vessels. [13] It operates Chittagong to Colombo and Chittagong to Singapore and Port Klang line. [14] [15] In 2016, the group's partner Hanjin Shipping Lines, a South Korean company, declared bankruptcy in Bangladesh. [16]
According to the company statement, at least 90% of the company's lenders have agreed to the bankruptcy filing, which is expected to add $40 million in financing, reduce company debt by $45 ...
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...