, Columnist
Maersk Should Lay Off the Swashbuckling
Maersk should steer clear of Hanjin.
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So, Maersk might step in and buy some Hanjin assets after the South Korean shipping company's bankruptcy filing, according to a Bloomberg News report (citing analysts).
While it's understandable that the Danish giant's new boss Soren Skou feels pressure to deliver growth and head off competition, he must remain disciplined and avoid throwing good money after bad. In principle, Hanjin's bankruptcy is positive for the rest of the container shipping industry, which is beset by oversupply and chronically low freight rates.