, Columnists
The Good, Bad and Ugly of Hanjin
A bankruptcy court may kill the Korean company but its fleet will live on in a glutted market.
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Depending on whom you ask, South Korea's largest container-shipping company filing for court receivership has shades of good, traces of bad, and dollops of ugly.
The last of the three is the most obvious. During the past four years, as global trade first stumbled and then stalled, shareholders in Hanjin Shipping lost almost 93 percent of their investment, with a two-thirds decline occurring just this year.