Offshore services vessel operator Tidewater has won an extension of three weeks to reach a deal with its lenders and bondholders before it will be forced to consider Chapter 11 bankruptcy .
News ID: 69855 Publish Date : 2016/10/26
Offshore vessels owner Tidewater Inc has warned that the company could face bankruptcy restructuring as negotiations with its creditors have not been fruitful.
News ID: 69808 Publish Date : 2016/10/25
South Korea’s STX Offshore & Shipbuilding has filed for bankruptcy protection in Texas, US in an attempt to prevent its assets from getting seized by creditors.
News ID: 69735 Publish Date : 2016/10/22
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
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
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
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
K Line, issued a statement on Friday to dismiss a rumor that the Japanese shipping giant will file for bankruptcy protection following the collapse of Hanjin Shipping.
News ID: 69139 Publish Date : 2016/09/26
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
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