Hanjin Shipping's bankruptcy is causing turmoil in the container shipping markets - with serious disruption to supply chains anticipated over the coming weeks, and a question mark hanging over what its position will mean for the current and new alliances. And the impact has been highlighted by Alphaliner, which said that Hanjin Shipping's "potential bankruptcy would be the largest container shipping failure in history, dwarfing all previous carrier bankruptcies in absolute terms". Hanjin Shipping filed for receivership at the end of August after its creditors refused to provide extra funding to the shipping line. But at time of writing it is thought that Hyundai Merchant Marine (HMM) may consider taking over some of its assets.
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