Marine and cargo markets wait on Hanjin insolvency

A lack of clarity around Hanjin Shipping's imminent insolvency
has left the marine and cargo markets unsure which, if any, market
will pick up resultant insured losses.
Some six months after the South Korean shipping giant first
applied to its creditors for debt restructuring, and more than a
month after it formally applied for bankruptcy in Newark, both
direct and reinsurance markets are yet to receive notifications,
according to multiple marine sources at Macau's EAIC
conference.
Initially, it