The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.
September 29, 2016hanjin News Updates
South Korean Court Considering Sale of Hanjin Shipping
Hyundai Merchant Said to Be Looking at Buying Hanjin Assets
Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.
September 26, 2016Hanjin Clients Report Price-Gouging, Container Pileups
Hanjin Shipping Co. and its customers are being asked to pay more than usual to bring freight into U.S. ports, creating a backlog that could keep goods off shelves during the holiday shopping season.
September 23, 2016Hanjin Tells Major Retailers That Vessels Won't Stop in the US
Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.
September 22, 2016Hanjin Gets $45 Million Credit Line to Unload Cargo From Stranded Vessels
Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply chain disruptions caused by the collapse of the nation’s biggest container mover.
September 22, 2016Hanjin Bankruptcy Tip of the Iceberg for Flailing Shippers
LOS ANGELES — For the past five years, top shipping companies pushed forward with fat investments in more and bigger vessels, even as signs of trouble piled up.
September 21, 2016US Commerce Department Urged to Resolve Hanjin Shipping Crisis
The National Retail Federation and other U.S. trade groups are urging the Commerce Department to work with the South Korean government to resolve the Hanjin Shipping Co. crisis, which stranded an estimated $14 billion of goods at sea.
September 20, 2016Hanjin Cuts Fleet as Court Advises Return of Chartered Ships
Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet.
September 19, 2016Hanjin’s Stranded Cargo Begins to Flow at US Ports
Cargo stranded by the Hanjin Shipping bankruptcy slowly began to flow through U.S. ports last week, offering the first small signs of relief for truckers and their customers.
September 19, 2016Fleets Fret Over Claims on Bad Hanjin Cargo
As Hanjin Shipping vessels finally arrive in the United States, some motor carriers are reluctant or refusing to accept cargo that might have been damaged because it could expose them to liability claims.
September 19, 2016Follow Us
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