IF ONLY… Hanjin’s demise hardly came as a crashing surprise to Platts Ocean Intelligence chief Jason Silber. Consider the following: “Hanjin…is undergoing a restructuring…results for FY 2013 and 1Q FY 2014 continue to be worrying – not surprising given that the container shipping sector is still suffering from severe supply-demand imbalance and high bunker costs […]
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In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt,
By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest container carrier that’s part of the Hanjin Group, said it will work with lenders to restructure debt after years of weak demand resulted in losses and cash e...
SEOUL, Sept 17 (Reuters) – South Korea’s Hanjin Shipping Co Ltd, whose collapse has disrupted global trade, is considering a restructuring plan to sell more than half its ships, the Wall Street Journal reported on Friday, citing peo...