In The List of Container Shipping Companies Ranking:
After four years of dealing with the financial crisis and decline in liquidity up to 56 percent this year, South Korean shipping company, filed for bankruptcy in August in which it collapsed eight steps in the world ranking of container shipping companies and stood in 16th place.
News ID: 69424 Publish Date : 2016/10/08
Some 14 stranded Hanjin Shipping vessels have now berthed in Singapore with another due to come into port today.
News ID: 69421 Publish Date : 2016/10/08
HMM:
South Korean shipping major Hyundai Merchant Marine (HMM) is planning to keep its new Asia-US route as a regular weekly service.
News ID: 69392 Publish Date : 2016/10/08
South Korea has revealed its plans to invest (USD 13.3 billion) into the expansion of the country’s ports, according to data released by South Korea’s Ministry of Oceans and Fisheries (MOF).
News ID: 69238 Publish Date : 2016/10/02
China Cosco Shipping Corporation (Cosco Shipping) may consider acquiring Hanjin Shipping’s port assets, but it has no desire to buy any distressed ships from the Korean line, reports said.
News ID: 69208 Publish Date : 2016/10/01
Hyundai Heavy Industries announced the delivery of a new LNG carrier for Knutsen – and it expects the ship will be significantly more efficient.
News ID: 69196 Publish Date : 2016/10/02
Hyundai Merchant Marine (HHM), South Korean’s second largest shipping line, is believed to be looking into buying troubled carrier Hanjin Shipping's 37 container vessels.
News ID: 69176 Publish Date : 2016/09/27
Cash held by Hanjin Shipping, coupled with commitments from the company’s leading shareholder, the leading creditor, and the parent group’s CEO, should be enough to cover the costs of unloading cargo from the company’s container ships stranded offshore, Reuters reported a South Korean government official as saying.
News ID: 69091 Publish Date : 2016/09/25
It was confirmed that South Korea’s three largest shipbuilders recorded a little more than 10% of their order goals of this year. With only three months to go until the end of this year, it seems that it is impossible for them to achieve their goals set early this year.
News ID: 69047 Publish Date : 2016/09/21
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of September 2016, with rapid growth in the total followed by steep decline all within the last decade, according to Clarkson Research.
News ID: 68940 Publish Date : 2016/09/18
Port of Virginia:
All terminals at the US Port of Virginia are closed for import loads from South Korean shipping company Hanjin Shipping, effective immediately, following the company’s decision to file for court receivership.
News ID: 68932 Publish Date : 2016/09/18
BIMCO:
In a statement released Monday, BIMCO said that shipbuilding orders have fallen to the lowest level in two decades.
News ID: 68860 Publish Date : 2016/09/14
Forecast:
MAJOR US container ports are expected to be at near-peak throughput levels in September amid the Hanjin Shipping bankruptcy.
News ID: 68825 Publish Date : 2016/09/13
SOME ships caught up in the chaos of Hanjin Shipping’s collapse are starting to head into port after 10 days of uncertainty that left them unable to berth for fear of arrest.
News ID: 68810 Publish Date : 2016/09/12
Korean Air Lines, the biggest shareholder of Hanjin Shipping, has approved a plan to provide a loan of 60 billion won ($55 million) to the troubled shipper.
News ID: 68807 Publish Date : 2016/09/11
Hanjin Vienna Arrested
SEVEN vessels owned by Hanjin shipping and managed by Reederi NSB wait at anchor for orders, with one currently under arrest, the shipmanager said in a statement.
News ID: 68799 Publish Date : 2016/09/10
A report by the US Department of Agriculture (USDA) warns that disruption to ports and shipping caused by the failure could last two to three months.
News ID: 68796 Publish Date : 2016/09/10
Seaspan Corp., a container ship-leasing company, said it won’t accept Hanjin Shipping Co.’s request for a cut in charter rates by about 30 percent, dealing a blow to efforts by South Korea’s biggest liner to revamp debt amid a prolonged trade slump.
News ID: 68537 Publish Date : 2016/08/29
Charter Rate Cuts Demand:
Athens-based containership owner Danaos Corporation has started the negotiations on charter rate cuts with South Korean shipping company Hanjin Shipping.
News ID: 67970 Publish Date : 2016/08/03
The ferry Sewol, which went down in 2014 with the loss of more than 300 lives, came one step closer to returning to the surface on Friday when salvors briefly lifted her bow, the most difficult and risky step in the salvage plan.
News ID: 67948 Publish Date : 2016/08/02