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Hanjin Shipping Co.: What Does The Future Hold?

After declaring bankruptcy last month Hanjin shipping has an murky future ahead. A South Korean court had declared that the company must sell as many of its ships as possible and return any chartered ships to their owners according to a report from The Wall Street Journal. The company has been struggling with debt over the past month and is looking at total liquidation or downsizing. The reconstruction plan that Hanjin is working on right now would mean only keeping 15 of its 37 ships and ...