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Hanjin Shipping receivership filing could hit Korean ports hard

Hanjin Shipping receivership filing could hit Korean ports hard
South Korean ports could be hard hit by the receivership filing by Hanjin Shipping.

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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