The writing was on the wall: the Hanjin collapse timeline

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Perhaps what is most striking about this timeline is that news of Hanjin’s financial troubles publicly surfaced in May. Yet in August, the carrier announced its second quarter financial results and revealed that volumes had risen 7.2% since the first quarter, and 1% year-on-year – showing that shippers continued to be lured by low rates, despite the risks.

As SeaIntel noted in its Hanjin research, which it shared this week: “If we are being objective about this, the shippers are not ...