Singapore to support the country's ailing offshore industry
If any good came from the collapse of the world's seventh-largest container carrier, it was that free market forces were finally allowed to unfold in the maritime world's key industries. This is the conclusion since Hanjin Shipping's surprise announce in August that the carrier would enter recievership. South Korea's government was no longer interested in being involved, and the carrier has since worked to sell assets in an effort to generate as much money as possible for creditors.
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