Results for South Korea
- Germany's HSH Nordbank Seals Charter Of Hanjin Ships To Maersk
Germany's HSH Nordbank has arranged a deal which will see six container ships from collapsed South Korean line Hanjin chartered out to Denmark's AP Moller Maersk, the state-backed lender said on Thursday, Reuters reported. This is one of the fi ...
Daily Headline - global.abi.org - 10/27/2016 - 21:07 - 0 comments
- IMF Estimates Restructuring Cost At W31 Trillion
The cost to restructure debt laden shipping and shipbuilding industries here will be as much as 31 trillion won ($27 billion), according to the International Monetary Fund (IMF), The Korea Times reported. In a report, "Benefits and Costs of Corp ...
Daily Headline - global.abi.org - 10/23/2016 - 21:20 - 0 comments
- Hanjin Shipping Picks Advisor To Sell Long Beach Terminal Stake
Hanjin Shipping Co Ltd chose an advisor to seek a potential sale of its stake in Long Beach Terminal, a spokeswoman said on Friday. Hanjin Shipping chose the advisor with the approval of the Seoul court overseeing the shipper's receivership, the spo ...
Daily Headline - global.abi.org - 10/20/2016 - 21:05 - 0 comments
- South Korean Court To Allow STX France To Be Sold Separately
A South Korean court has decided to allow two units of the collapsed STX shipbuilding group to be sold either separately or together, according to a sales notice seen by Reuters on Tuesday, opening the prospect of a separate sale of STX France. The Frenc ...
Daily Headline - global.abi.org - 10/18/2016 - 19:44 - 0 comments
- Hanjin Insurance Pay Out Could Hit $1.8 Billion: Credit Suisse
Credit Suisse analysts are warning the insurance fallout from the demise of Hanjin Shipping could be one of the largest combined maritime claims in history. The final bill could be as high as $1.8bn, with half of it in marine insurance, the investment ba ...
Daily Headline - global.abi.org - 10/17/2016 - 22:00 - 0 comments
- Hanjin Reaches Out To Europe Shipping Giants to Sell Ships
Debt-ridden Hanjin Shipping Co. will reach out to major European shipping companies as early as this week to tap interest for at least five of its vessels as it tries to raise funds to unload stranded cargo, pay off creditors and re-emerge as an Asia reg ...
Daily Headline - global.abi.org - 10/16/2016 - 22:19 - 0 comments
- Hanjin Lost 'Game Of Chicken' Among Global Shippers, Chairman Says
The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by their governments, the chairman of its parent firm told a South Korean parliamentary hearing on Tuesday, Reuters reported. The world's seventh-larges ...
Daily Headline - global.abi.org - 10/04/2016 - 21:30 - 0 comments
- Maersk Unlikely to Buy Troubled Korean Container Ship Operators
Danish conglomerate A.P. Møller-Mærsk A/S isn’t likely to move to buy either Hyundai Merchant Marine Co. or Hanjin Shipping Co. contrary to industry speculation that it would take over either one or both of the troubled Korean cargo ship operators, accor ...
Daily Headline - global.abi.org - 10/03/2016 - 19:09 - 0 comments
- South Korea Court Says It Has Not Yet Decided Whether Sale of Hanjin Shipping Is Needed
The South Korean court overseeing Hanjin Shipping's receivership process said on Wednesday that a sale of the world's seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court conc ...
Daily Headline - abi_admin - 09/28/2016 - 13:41 - 0 comments
- Hanjin Says Cargo Owners Withholding $80 Million In Payments
Failed South Korean container carrier Hanjin Shipping Co Ltd (117930.KS) told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability to move stranded freigh ...
Daily Headline - global.abi.org - 09/25/2016 - 18:44 - 0 comments