News / 'No carrier too big to fail': forwarders and shippers need visibility into their finances

© Rene Drouyer

Forwarders and shippers must do as much due diligence as possible on ocean carriers, as the threat of another failure in the shipping industry remains high, consultants have warned.

The problem, however, is that it is almost impossible to say which line may fail – and to try to predict it can become a self-fulfilling prophecy.

“The only surprise about Hanjin was that it was Hanjin, not someone else,” Alan Murphy, CEO of SeaIntel told the FIATA World Congress in Dublin last week.

“Hanjin ...