Hanjin Shipping Looks to Wind Down Europe Business

The video discusses the bankruptcy of a company and its impact on business operations, particularly in Europe and Asia. It covers the court's actions to attract bidders for asset sales, including the Asia-U.S. trade network and a stake in Long Beach port terminal. The future of the company remains uncertain, with potential outcomes including becoming a small regional player. The company has until December 23rd to submit a revival plan to the court.

What was one of the main reasons for Hanjin's business slump in Europe?

• Poor management

• Lack of vessels

• Competition from larger players

• High operational costs

Which major shipping lane is Hanjin's Asia-U.S. trade network part of?

• Europe-Africa

• U.S.-South America

• Asia-U.S.

• Asia-Europe

What is Hanjin considering selling to raise funds?

• Their European offices

• Their fleet of ships

• Their stake in Long Beach port terminal

• Their headquarters

What is the deadline for Hanjin to submit their revival plan to the court?

• November 15th

• December 23rd

• January 1st

• February 28th

What might Hanjin become if the bankruptcy protection is resolved?

• A small regional player

• A global leader

• A logistics company

• A financial institution