ONLY THE BEGINNING?

ONLY THE BEGINNING? The Hanjin Hamburg, considered one of what was as soon as the arena’s 7th-biggest delivery strains vessels now stranded off ports around the globe. While the amazing fall apart of Hanjin Shipping may definitely convey some respite to the global delivery enterprise via disposing of some excess capability, analysts say the problems of vulnerable international demand and too many ships will keep to place strain on the sector. PHOTO: VESSEL FINDER
The troubles that sank South Korea’s Hanjin Shipping ultimate week might be just the end of the iceberg, analysts say, with the long-walking international economic downturn having left the enterprise drowning in extra capability.

With growth refusing to budge and patron call for nevertheless slack, the arena’s freight companies have greater ships than they could fill — a quarter of shipment area lies empty.