Hanjin crisis only part of Korean air cargo struggles

Amidst the shockwaves emanating from last month’s news of the bankruptcy filing of Hanjin Shipping came speculation of a potential silver lining for air cargo carriers. Would the scramble for cargo originally booked on Hanjin vessels provide a windfall for airlines, with a surge in demand to drive up rates and yields?

Other than a few notable instances where Hanjin cargo was stranded at sea, requiring emergency air shipments, such a spike in traffic has yet to materialize on a global scale. B...

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