The Hanjin crisis serves as a reminder that when shippers of any cargo engage with the great global transport network that is containerization, ‘caveat emptor’ must be observed.
Containerization, 60 years old in 2016, has done more for world commerce than any free trade deal, the Economist famously observed in 2013. But shippers caught up three years later in the bankruptcy of the world’s seventh largest container carrier are not so sanguine.