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Hanjin Shipping Nears Bankruptcy After Creditors End Support

Hanjin’s container terminal in Busan in 2013. Hanjin is the world’s ninth-largest container shipping company...Hanjin Shipping Nears Bankruptcy After Creditors End Support. SEOUL—Creditors of one of the world’s major shipping companies, South Korea’s Hanjin Shipping Co., said they would no longer give it financial support, pushing the company close to bankruptcy.


As per Maersk Line, the world’s largest container shipping company, India maintained its strong trading position with the United Kingdom


Giants of the canal: the container ships plying Suez

The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal. Maersk, the world's biggest container shipping company, will stop plying through the Panama Canal to move goods from Asia to the US east coast as bigger ships mean that it is more profitable to use the Suez Canal

French container shipping company CMA CGM has confirmed that starting in the end of May it will deploy six 18,000 TEU ‘megaships’ between Asia and U.S. west coast ports. The ships will be the largest to call regularly in North America. The company says the decision to deploy its ‘flagship fleet’ is in line with …

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Maersk's shipping fleet is made up of more than 600 vessels and over 3,800,000 TEU. Since 1904, Maersk has expanded their operations and become the world’s largest and most reliable container shipping company.