Hanjin Shipping may not be the new Lehman Brothers, but the lessons to be learnt from its collapse are much alike, claims Torvald Klaveness.
One month ago the world’s seventh largest container line sought bankruptcy protection, sending shivers down supply chain managers’ spines and creating fear among banks and counterparts.
Seaspan chief executive Gerry Wang hit the headlines in the maritime press when he described the event as a “Lehman moment”.
“Although
