Analysts say Hanjin’s cashflow control has been complicated, but caution that delivery companies worldwide are susceptible to the equal conditions of oversupply and low exchange volumes.
Nearly eighty percent of products and commodities traded globally are transported through sea.
The industry had boomed as China’s production and export-heavy financial system mushroomed over recent many years, transferring a report 9.6 billion lots of shipment in 2008, in step with Richard Clayton, maritime and change essential analyst at IHS international business consultancy.
Those volumes plummeted while the worldwide financial crisis struck.
Finance stable blog 