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In its recently published quarterly magazine, Korean register cites what it considers to be the top ten issues driving the hipping and shipbuilding market  throughout 2017.

1.South Korean court declares Hanjin Shipping bankrupt on 14 February 2017:

Hanjin Shipping applied for court receivership in August 2016, after its creditor banks halted further support. With a total fleet of 102 container ships and 44 bulk carriers, Hanjin Shipping, was Korea’s No. 1 shipping company and the world’s seventh largest container shipping line which transported cargoes to 3,600 destinations via 100 route, including the top three global trade routes to Northern America, Europe and Atlantic Ocean. The company’s collapse was a wake-up call for the entire ocean transportation supply chain.

2.Merging three Japanese lines:

In mid 2017, Japanese carriers K Line, NYK, and MOL teamed up to establish ‘Ocean Network Express (ONE)’, a joint venture container shipping line which will begin … (Read More) Source: Safety4sea