News / Remaining South Korean lines making waves to restore faith after Hanjin crash

© Sean Pavone | Dreamstime.com - Busan, South Korea

Following the catastrophic failure of Hanjin Shipping last year, the other South Korean ocean carriers still need to work hard to regain the confidence of shippers and counter parties.

That was the view of many delegates attending the 11th annual World Ocean Forum (WOF) in Busan last week.

Money owed to approved Hanjin creditors, which includes shipowners, ports, terminals, container leasing companies and other service providers, has passed the $10bn mark, and the final total could double that.

However, even at $10bn, the liquidators expect to be only ...