Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy, Assets Frozen
by Tyler Durden Aug 31, 2016 8:32 PM
... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels.....
...my comment...unlike the global finances which continues to be propped by the global central banks.....economics still is based on market demand and costs of supply....as it goes down...no pumping of trillions of financial assets will do anything but prop up the elites...