Hanjin shipping will be filed for bankruptcy protection

     According to bloomberg, hanjin shipping, said a spokesman for the company's board of directors agreed to a bankruptcy management, and hanjin shipping will submit an application to the Seoul district court on Wednesday afternoon, again by the court decision whether to accept.

     The world's seven big shipping company filed for bankruptcy, shocked the whole industry, American ships in liquidation is bigger than in 1986.

     The Wall Street journal reported, according to south Korean officials wanted Korean hanjin shipping competition modern merchant acquisition into the health of assets, stimulate modern merchant rising share prices.

     Hana financial investment analyst Park Moo Hyun said: "the less hanjin shipping bankruptcy, the industry competition, but does not represent current shipping relaxes. Faced with the problem of the number of ships is still the same, we need to cut capacity."