South Korea’s Hyundai Merchant Marine and Swiss-based MSC are rumored to have teamed up to buy a stake in Hanjin Shipping’s Long Beach terminal.
News ID: 70633 Publish Date : 2016/12/04
The labor union of South Korea’s financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering has agreed to the company’s restructuring plan, removing the final hurdle to the KRW 2.8 trillion (USD 2.3 billion) financial support, according to Yonhap News Agency.
News ID: 70455 Publish Date : 2016/11/21
South Korea’s Hyundai Heavy Industries (HHI) will be divided into four companies as part of its restructuring plan aimed at improving efficiency and raising competitiveness, reports said.
News ID: 70340 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 Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 million), according to the company’s stock exchange filing.
News ID: 70152 Publish Date : 2016/11/07
South Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 million), according to the company’s stock exchange filing.
News ID: 70152 Publish Date : 2016/11/07
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
South Korea’s Incheon port has posted container throughput of 670,000 teu in the third quarter, an increase of 12.1% from 600,000 teu seen in the same period of 2015, according to data from Incheon Port Authority (IPA).
News ID: 69981 Publish Date : 2016/11/01
South Korea’s Incheon port has posted container throughput of 670,000 teu in the third quarter, an increase of 12.1% from 600,000 teu seen in the same period of 2015, according to data from Incheon Port Authority (IPA).
News ID: 69981 Publish Date : 2016/11/01
South Korea said on Monday it plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($872 million) to help improve the financial health of Korean shipping companies.
News ID: 69969 Publish Date : 2016/10/31
South Korea said on Monday it plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($872 million) to help improve the financial health of Korean shipping companies.
News ID: 69969 Publish Date : 2016/10/31
The cost of restructuring the debts of South Korea’s shipping and shipbuilding industries is estimated to be at a staggering KRW31trn ($27.3bn), according to a recent report by the International Monetary Fund (IMF).
News ID: 69795 Publish Date : 2016/10/24
South Korea’s container carrier Hanjin Shipping could sell its entire Asia to US route network, as well as some of its other major businesses, according to Reuters.
News ID: 69535 Publish Date : 2016/10/25
China has allowed Hanjin Shipping containerships to call at Yangshan port in Shanghai for the first time since the South Korean carrier declared bankrupt in end-August this year, reports said.
News ID: 69478 Publish Date : 2016/10/11