Hanjin Shipping Co., Ltd., once a major player in the global shipping industry, has had a tumultuous history in recent years. The South Korean-based shipping company, also known as Hanjin Shipping, is recognized as one of the top 10 container carriers in the world. However, in August 2016, Hanjin Shipping filed for bankruptcy, leaving many customers and stakeholders in a state of uncertainty. In this article, we will explore the history of Hanjin Shipping, its impact on the shipping industry, and how Hanjin tracking can provide customers with information and assurance during the shipping process.
Brief History of Hanjin Shipping
Hanjin Shipping was founded in 1977 as a shipping and logistics subsidiary of the Hanjin Group. It quickly became a major player in the global shipping industry, with a fleet of over 150 vessels and shipping routes connecting Asia, Europe, and the Americas. The company’s success was largely due to its strategic alliances and partnerships with other major carriers, such as Maersk Line and MSC.
However, in the early 2000s, Hanjin Shipping began experiencing financial difficulties due to overcapacity issues and increasing competition in the shipping industry. The company’s profits started to decline, and by 2014, it had accumulated a staggering debt of $5.5 billion. In 2016, Hanjin Shipping’s bankruptcy filing sent shockwaves throughout the shipping industry, leaving many customers and stakeholders in a state of confusion.
Impact on the Shipping Industry
Hanjin Shipping’s bankruptcy not only affected the company itself but also had a significant impact on the entire shipping industry. The sudden halt of Hanjin’s services resulted in widespread delays and disruptions in the global supply chain. Thousands of containers were left stranded at sea, and shipping rates skyrocketed as other carriers scrambled to pick up the slack.
The bankruptcy also shed light on the vulnerability of the shipping industry as a whole. In an industry that is highly dependent on economic fluctuations and consumer demand, the collapse of a major player like Hanjin Shipping highlighted the need for more stability and transparency.
Hanjin Tracking for Customers’ Assurance
One of the most crucial aspects of the shipping process is providing customers with timely and accurate information about their shipments. This is where Hanjin tracking comes into play. Hanjin tracking is a service that allows customers to track their parcels and shipments using a tracking number provided by the carrier.
Hanjin tracking is available for both air and ocean shipments and can be accessed online through the Hanjin website or through third-party tracking websites. Customers can also choose to receive tracking updates via email or text message. The tracking number serves as a unique identifier for each shipment and allows customers to view the status and location of their packages in real-time.
Benefits of Hanjin Tracking
With Hanjin tracking, customers can gain insight into their shipments’ location and estimated delivery date, providing them with peace of mind and assurance. It also allows customers to plan and prepare for the arrival of their packages, ensuring a smooth and hassle-free delivery process.
Additionally, Hanjin tracking can also help customers manage any potential delays or disruptions during transit. By being informed of any delays or changes in the delivery schedule, customers can make alternative arrangements and avoid any inconvenience.
Conclusion
In conclusion, Hanjin Shipping’s bankruptcy filing in 2016 had a significant impact on the shipping industry, highlighting the need for stability and transparency. However, with Hanjin tracking, customers can stay informed about their shipments and have a better understanding of the shipping process. As Hanjin works to rebuild its reputation and regain the trust of its customers, Hanjin tracking remains a reliable and essential service for customers in the shipping industry. So, if you are shipping with Hanjin, don’t forget to use the tracking number provided to stay updated on the status of your shipment. For more information about Hanjin tracking, visit Hanjin tracking.
