Tuesday, December 6, 2016

Hanjin Hype Follow-up

We can assume since they are selling the ships the Hanjin cargo has been unloaded, hence fears of "crew in peril and cargo stranded for years" as hyped initially has proven, as I predicted, nonsense.
South Korea’s Hanjin Shipping Co. that is under court-led restructuring is expected to complete the disposal of all of its vessels this month at the earliest, a move that would practically lead once the world’s seventh largest shipper to liquidation. 
Yes, black swan events happen, and in small business international trade we work in multiple LCL shipments, never FCL shipments, which is cheap insurance against disaster.

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