Embattled Sinopacific Shipbuilding Group’s Zhejiang Shipyard is planning to let go close to 50% of its current 560 workforce amid the yard’s bankruptcy reorganisation and dwindling workload.
News ID: 75491 Publish Date : 2017/08/09
Ezra Holdings Ltd., a Singapore-listed offshore services group, filed for bankruptcy protection in the U.S. from hostile creditors as the energy support sector struggles from three years of weak oil prices.
News ID: 74016 Publish Date : 2017/05/20
Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group, through online auctions on Taobao.com for a a total price of $22.81m.
News ID: 72592 Publish Date : 2017/02/25
Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group, through online auctions on Taobao.com for a a total price of $22.81m.
News ID: 72592 Publish Date : 2017/02/25
Hanjin Shipping has been officially declared bankrupt, closing the book on the world’s seventh largest container shipping line.
News ID: 72415 Publish Date : 2017/02/18
Maersk Line is the largest operator of former Hanjin Shipping vessels but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive according to Drewry.
News ID: 71971 Publish Date : 2017/01/30
THE cascade of ships from Asia-Europe is passing overcapacity on to smaller trades that often do not have the demand growth to absorb them easily, according to new research by Drewry.
News ID: 71818 Publish Date : 2017/01/24
A Greek owner is expressing satisfaction with his freshly delivered ultramax from Sinopacific’s Dayang as the bankrupt Sinopacific yards continue to turn out ships amid restructuring efforts.
News ID: 71797 Publish Date : 2017/01/23
The shareholders of the South Korean shipping company Korea Line Corp., part of SM Group, have refused to approve the purchase of Hanjin Shipping’s Asia-US route network, according to Yonhap News Agency.
News ID: 71339 Publish Date : 2017/01/03
As part of the agreement to sell its stake in Total Terminals International (TTI), the bankrupt South Korean carrier Hanjin Shipping is also shedding its operations in the port of Seattle.
News ID: 71253 Publish Date : 2016/12/31
Bankrupt Hanjin Shipping is selling its 54% stake in a Long Beach container terminal to the world’s second largest container line MSC.
News ID: 71019 Publish Date : 2016/12/21
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has managed to narrow its net loss in the third quarter ended September 30 to KRW 238.1 billion (USD 203.9 million) compared to a net loss of KRW 1.14 trillion (USD 976.6 million) seen in the same quarter a year earlier.
News ID: 70349 Publish Date : 2016/11/16
Korea Line Corp (KLC) has been selected as the preferred bidder for Hanjin Shipping’s Asia – US business.
News ID: 70301 Publish Date : 2016/11/15
Daewoo Shipbuilding & Marine Engineering (DSME) has won further financial support worth KRW3.2trn ($2.7bn) from its creditors, but it still faces risk of falling under receivership if the shipyard’s labour union object to the conditions for accepting the fresh funds, reports said.
News ID: 70269 Publish Date : 2016/11/13
Hyundai Merchant Marine (HMM) and Korea Line have submitted final bids for the Asia – US business of bankrupt Hanjin Shipping.
News ID: 70241 Publish Date : 2016/11/13
Hyundai Merchant Marine (HMM) and Korea Line have submitted final bids for the Asia – US business of bankrupt Hanjin Shipping.
News ID: 70241 Publish Date : 2016/11/13
Singapore container terminal operator PSA is warning shippers they have till 28 November to claim laden containers from bankrupt Hanjin Shipping.
News ID: 70202 Publish Date : 2016/11/09
Singapore container terminal operator PSA is warning shippers they have till 28 November to claim laden containers from bankrupt Hanjin Shipping.
News ID: 70202 Publish Date : 2016/11/09
South Korea's Hyundai Merchant Marine Co. (HMM) will take over 11 ships returned by bankrupt Hanjin Shipping Co. to the Korea Development Bank (KDB), reports Business Korea
News ID: 70054 Publish Date : 2016/11/09
South Korea's Hyundai Merchant Marine Co. (HMM) will take over 11 ships returned by bankrupt Hanjin Shipping Co. to the Korea Development Bank (KDB), reports Business Korea
News ID: 70054 Publish Date : 2016/11/09