Shipping Industry Vulnerable Following Hanjin Administration
Shipping company Hanjin recently announced it was entering administration, following financial difficulties. As part of a shipping industry that is becoming increasingly interdependent, the company’s issues are likely to have an impact on ports and terminals, crews, other shipping companies, transport companies, and beyond.
The briefing explores:
- Those parties likely to be affected.
- Business interruption considerations.
- Insurance coverage issues.
- The risks faced by buyers of goods in the present environment.