No more bankruptcies are expected in the liner sector following the demise of Hanjin Shipping, according to an analyst from Drewry.
Rahul Kapoor, financial research services director at Drewry, told Bloomberg Markets: “Hanjin was a big carrier and what happened was unexpected.
“It had been making losses for a few years and it was a debt situation where the unit cost was pretty high and the company could not sustain it.
“I
