It’s a tale of two corporate responses: Hanjin Shipping’s descent into receivership and Hyundai Merchant Marine’s escape from bankruptcy. When it became apparent in late 2015 that South Korea’s two […]
Gerry Wang’s candid remarks on the precarious state of container shipping have left us wondering whether the Hanjin default marks the industry’s capitulation and turning point, or whether more and potentially graver events […]
Does the ratification of the Ballast Water Management Convention spell gloom or boom for the dry bulk market? Will Fray from Maritime Strategies International investigates. After more than 10 years […]
South Korea’s Ministry of Oceans and Fisheries (MOF) is acting to safeguard the welfare of Hanjin Shipping’s seafarers as the bottleneck involving the company’s ships stretches into a fourth week. […]
Thai dry bulk shipowner-cum-operator Precious Shipping plans to sell its Supramaxes and replace them with bigger Ultramax ships, Managing Director Khalid M. Hashim said Wednesday on the sidelines of the […]
Representatives at Japanese shipping major Kawasaki Kisen Kaisha (K Line) have rubbished reports from China that the line will shortly follow Hanjin Shipping into administration. A report carried by Shanghai Metals […]
The Hanjin bankruptcy came as no surprise as its attempts to restructure and reduce its commitments to the very large number of chartered-in ships, FAILED. The complexity of the effects […]
In an indication of the sorry state of the dry bulk shipping business, even though it is chronically oversupplied, rising demand for iron ore and coal from China could be bad […]
Clearly the maritime shipping business will begin to pull out of its depression if the world economy begins a strong recovery. And the key growth area is Asia without a […]
The overall sluggish shipping market of today can look forward to the One Belt One Road (OBOR) initiative as a long term catalyst for growth, industry players from the financial […]
