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Wednesday, 31 August 2016

BBC News

• South Korean shipping giant Hanjin to enter receivershipSouth Korea's biggest shipping group Hanjin is set to enter receivership after its creditors refused to provide further funding to the indebted firm.

Financial Times

• Hanjin Shipping: deckedEven state-backed lenders are now wary of the container shipper

The Guardian

• How Britain sank its shipping industry by waiving the rules | Polly ToynbeeThe fate of a ship stuck in Great Yarmouth sums up the damage that state inaction and unfettered free markets have inflicted on a once-proud merchant fleetMalaviya Twenty has been moored in Great Yarmouth docks since December. To look at, it’s no rustbucket, kept in good shape by its Indian crew – but when I visited a week ago, they hadn’t been paid by the ship’s owners for all those months. This is a story about the fate of shipping in Britain – an often forgotten industry, though we depend on it for over 90% of our imports and exports, and for most of what is stacked on supermarket shelves. ...