PwC: Makes financial sense to let Hanjin go bankrupt

Consultancy firm PwC has submitted its report concerning Hanjin Shipping's fate to the court in Seoul. The accountants have not spent time calculating the financial benefits of restructuring the carrier, currently under court receivership.

by MORTEN LUND TIIRIKAINEN

A liquidation is preferable to restructuring. This is the conclusion in a report from the consultancy firm PwC to a court in Seoul with reference to the fact that it is more economically viable to allow the carrier Hanjin Shipping to go bankrupt, according to Yonhap News.

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PwC: Makes financial sense to let Hanjin go bankrupt

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HSH Nordbank sells three Hanjin vessels

HMM and MSC join forces to buy Hanjin's US port stake

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs