Korea Line veers away from container services before it starts

It seemed to analysts a very ambitious plan by South Korea’s second-biggest bulk carrier, Korea Line, to acquire the Asia-US tradelane assets from bankrupt ocean carrier compatriot Hanjin Shipping.

After all, in the supply chain chaos that followed Hanjin’s August demise, which saw 100 ships and 500,000 teu of cargo worth over $12bn stranded around the world, most of its customers fled to the safety of Maersk, MSC or CMA CGM – evidenced by the Danish giant’s 11% volume surge in the ...