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Each month we bring to you the important happening from the maritime and shipping industry. We only bring the news that are in some way relevant to seafarers.
We do not choose a news just to fill the space. Moreover we not only try to post the news but also do an analysis of that news.
Here are the main stories of September 2016.
Fall out of Hanjin Shipping : Main story
If you have been following social media or you have had the chance of reading any maritime magzine, you would know there was something serious about Hanjin that happened last month.
Hanjin was all over the internet. Some described it as “Lehman” moment for shipping.
What is the issue ?
The problem is not new and had started way back in 2011. Like many other companies, Hanjin has been posting loss from 2011 onwards. Companies cannot run with losses and they need cash to run the show.
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About Capt Rajeev Jassal
Capt. Rajeev Jassal has sailed for over 24 years mainly on crude oil, product and chemical tankers. He holds MBA in shipping & Logistics degree from London. He has done extensive research on quantitatively measuring Safety culture onboard and safety climate ashore which he believes is the most important element for safer shipping.
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