The bankruptcy of Hanjin is symbolic of a sector in trouble
Shipping is an important sector but at the same time very fragile, in crisis especially because of an oversupply that has led to the construction of too many and too large vessels, thanks also to low interest rates. The future, says Marco Percoco of Bocconi, foresees a major restructuring with mergers and acquisitions.
Here is my comment on Bocconi’s youtube channel.
(La versione italiana è visualizzabile qui)