The collapse of Hanjin Shipping (117930.KS) will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and […]
Hanjin Shipping’s New Jersey bankruptcy filing has yet to calm chaos across the US, as a swathe of creditors from all walks of the maritime industry urged a judge not […]
Scrapping of dry bulk tonnage slowed dramatically between July and August, partly due to India’s monsoon season. Analysts say increasing owner optimism, particularly for capesizes, may keep even more of […]
HONG Kong Shippers’ Council has criticised local port terminals for their imposing deposits on Hanjin boxes, adding it might file litigation against such “unacceptable” moves. The organisation has received hundreds […]
Splash has been given exclusive access by BigOceanData to its proprietary system allowing readers to see where all Hanjin Shipping vessels are around the world. The access shows that most previously […]
In one of the longest running sagas in shipping regulation the IMO’s Ballast Water Management (BWM) has finally met its ratification criteria, meaning it will come into force in 2017. Having […]
The filing for court receivership by Hanjin Shipping on 31 August was the biggest bankruptcy ever seen in container shipping and has sent shockwaves through industry and the global supply […]
The sudden collapse of South Korea’s largest carrier, Hanjin Shipping, and its entry into court rehabilitation has brought the precarious financial situation of the shipping industry into sharp relief. Most […]
You don’t normally get advance warning of an attempt to put a company over a barrel and call in bankruptcy lawyers. Using forced bankruptcy as a means to oust bad […]
Low freight rates have been a concern for a great number of reasons and a wide range of market participants. Shipowners faced with weak cash flows cannot perform on their […]
