Comment on Global trade slump sinks shipping giant

Global trade slump sinks shipping giant

Weak international trade has claimed a big victim in the global shipping industry. Hanjin Shipping, one of the world's biggest cargo carriers, filed to go into receivership on Wednesday after its creditors cut off support. The South Korean company has succumbed to a crippling combination of lackluster global trade, a glut of container ships and brutal competition from rivals. International shipping companies have been struggling since the financial crisis.Read more on NewsOK.com

 

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