According to analysts Genscape while Hanjin only accounted for 2.9% of global container shipping capacity it was the largest line in South Korea accounting for 20% of calls at the country’s container ports and its demise would leave a gap in the Korean market.
The country’s largest port Busan has 141 calls scheduled by Hanjin Shipping from September 2016, according to data from Genscape. It has a smaller number of calls scheduled at Incheon, Kwangyang and Ulsan.
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