EsHyundai Merchant Marine will help offset the disruption to South Korean exporters from Hanjin Shipping’s move to receivership. Aside from the commercial interest, it helps the government’s objective of protecting a fragile export recovery. LG, Samsung and Nexen rely on Hanjin for U.S. exports, Panjiva data shows, with Hyundai potentially more than doubling its business on the route.
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