News / Tide of misery for South Korean container lines continues to swell as losses mount

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Of all the container shipping lines that are currently finding themselves up the proverbial creek without a bow thruster, the two main South Korean carriers, Hanjin Shipping and Hyundai Merchant Marine, appear to be occupying increasingly precarious positions.

According to the latest market commentary from Alphaliner, much of their problem stems from the respective gearings of the two companies – both are heavily in debt and looking particularly vulnerable with very high ratios of debt to equity.

Hanjin is understood to have ...