Wells Fargo Securities expects container rates to remain elevated for a month following Hanjin Shipping’s bankruptcy filing.
But Michael Webber, who covers shipping and box lessor stocks for the bank, also said the long-term fallout from the South Korean operator’s descent into insolvency will be greater attention to counterparty risk in the container space.
Hanjin’s filing for bankruptcy protection from creditors in Seoul last week has hit the containership market ahead of peak season.
Webber
