News / Hanjin battles on as shippers remain loyal

With its restructuring deadline of September 4 rapidly approaching, troubled line Hanjin Shipping has published its second-quarter results.

A loss of $182m does not make pleasant reading; but on the other hand, neither did the results from OOCL, Hapag-Lloyd, Maersk Line and the Japanese trio of K Line, MOL and NYK, in what has been a very bad six months for liner companies.

Moreover, Hanjin’s customers did not desert the line in droves, as had been suggested in the media, despite its financial problems: in ...