Since the world's 7th-largest container line filed for protection from creditors, the port has been paralysed as unshipped boxes pile up
Thu, Sep 15, 2016 - 5:50 AM
"The primary reason for the popularity of Busan was its cheaper service charges than other ports, and Hanjin's exit will lead to an increase in charges for Korean exporters," says Jeon Jun Mo, research fellow at IBK Economic Research Institute.
THE Hanjin Shipping Co terminal in South Korea's largest port used to be one of the world's busiest. Dozens of container carriers would line up to ferry boxes to and from the giant cranes that loaded and unloaded the world's biggest ships.