18-09-2016 Dry bulk: A Challenging Future, By Jens Ismar, The Maritime Executive
We know we are operating in one of the more volatile industries in the world and have been through severe down cycles before, but his time it is different. Slowly, […]
SHIPPING NEWS
16-09-2016 Hanjin Shipping not a ‘Lehman event’, By Wei Zhe Tan, Lloyd’s List
THE court-led receivership of Hanjin Shipping may have come as a shock to many in the industry but it was unlikely to lead to a systemic collapse in the container […]
16-09-2016 Stuck on Ship, One Gloomy Hanjin Crew Waits to Learn Its Fate, Wall Street Journal
ON BOARD THE HANJIN ROME—For almost three weeks, two dozen men have been whiling away the hours off the coast of Singapore on a rusty old cargo ship loaded with […]
14-09-2016 Truckers and bankers alike face pain from Hanjin collapse, says Marsh, By David Osler, Lloyd’s List
THE collapse of Korean boxship major Hanjin stands to hurt everyone from blue-overall indie truckers to bankers and all points in between, according to a new report published today from […]
14-09-2016 Restructuring experts predict Hanjin Shipping will liquidate, By Greg Miller, Senior Editor, IHS Maritime
Shipping restructuring specialists speaking at the Capital Link New York Maritime Forum on 13 September predicted that Hanjin Shipping will ultimately be liquidated, not rehabilitated. “Clearly, it’s not ‘too big to […]
14-09-2016 Star Bulk makes good on restructuring deal with banks, By John Gallagher, Senior Editor, IHS Maritime
Star Bulk has finalised an agreement with 15 banks to defer USD223.9 million in debt payments until June 2018 and relax financial covenants until the end of 2019. “This agreement assists […]
13-09-2016 State of cargoes and crew becomes concerning as Hanjin Shipping crisis lengthens, Pulse News
As logistics crisis of Hanjin Shipping lengthens, the toll on cargoes and crew on vessels stranded at sea as well as its clients around the world due to delays and […]
13-09-2016 It’ll take more than Hanjin’s crisis to fix shipping’s capacity problem: Expert, CNBC
The crisis surrounding Hanjin Shipping has rocked the industry, but even more shipping lines could find themselves in trouble thanks to the huge amount of overcapacity in the industry, warns […]
13-09-2016 U.S. Clarifies Ballast Water Convention Stance, By The Maritime Executive
Rear Admiral Paul Thomas, assistant commandant for prevention policy at the U.S. Coast Guard, has welcomed the news that the 2004 International Convention for the Control and Management of Ships’ […]
12-09-2016 The Gap is Closing on Vessel Seizures in the Hanjin Emergency, Source: Masuda Funai Eifert & Mitchell, Ltd.
The Wall Street Journal has recently observed that if Hanjin Shipping Co. Ltd. fails in its attempts to reorganize and emerge from bankruptcy proceedings in Korea, it would represent the […]