Wednesday, January 1, 2020
Interesting

The Maritime Stories That Shaped the Decade

As the 2010’s come to a close, we’re taking a look back at the maritime stories that kept us talking the most these last ten years.  Deepwater Horizon For me,...

January 1, 2020
Total Views: 134

Wednesday, March 21, 2018
HEUNG-A container ship
Maritime News

Korean Carrier to Customers: We’re Not Sinking

By Mike Wackett (The Loadstar) – Another South Korean shipping line under financial pressure has had to write to customers to dispel market rumors of a second box carrier crash....

March 21, 2018
Total Views: 4

Friday, September 15, 2017
port of los angeles
News

U.S. Federal Maritime Commission Applauds THE Alliance’s $50 Million Contingency Plan

By Gavin van Marle (The Loadstar) The US Federal Maritime Commission (FMC) yesterday approved THE Alliance’s plan for a $50m contingency fund in case one of its members becomes insolvent...

September 15, 2017
Total Views: 1

Friday, August 4, 2017
hyundai containership
Maritime News

Report: South Korea’s Shipping Lines to Form Alliance

South Korea’s shipping companies are preparing to launch a domestic shipping alliance to help the nation better compete in the global container shipping industry in the wake of Hanjin’s collapse,...

August 4, 2017
Total Views: 11

Friday, March 3, 2017
DSME Shipyard South Korea
Maritime News

Where South Korea’s Teetering, Debt-Laden Companies Go to Bank

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea — literally. South Korea’s state-owned lender, the nation’s largest...

March 3, 2017
Total Views: 2

Thursday, March 2, 2017
Maritime News

Shipping Can and Must Prevent Another Bankruptcy, FMC Chief Warns

By Gavin van Marle in Long Beach (The Loadstar) – The entire shipping industry – carriers and their customers and suppliers – need to come together to ensure that the...

March 2, 2017
Total Views: 1

Thursday, February 2, 2017
News

South Korea Court: Hanjin to Declare Bankruptcy This Month

SEOUL, Feb 2 (Reuters) – A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd’s court receivership process and expects to declare bankruptcy on February...

February 2, 2017
Total Views: 8

Tuesday, January 31, 2017
hanjin ship
Maritime News

Hanjin Parent May Be Liable as Port of New York Pension Fund Joins Debtor Queue

By Gavin van Marle (The Loadstar) – As debt claims against bankrupt South Korean carrier Hanjin Shipping continue to mount in both the US and South Korea, details of the...

January 31, 2017
Total Views: 2

Wednesday, January 18, 2017
News

Hanjin Shipping Soars a Day After Exchange Calls Stock ‘Trash’

By Heejin Kim (Bloomberg) — One day after a Korean stock exchange official called the shares of Hanjin Shipping Co. “ trash,” investors piled in, sending them 15 percent higher....

January 18, 2017
Total Views: 1

Wednesday, January 4, 2017
Maritime News

Hanjin Shares Surge on Report Asset Sale to Close Next Week

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co. shares surged by their daily limit of 30 percent in Seoul after a local media report that the sale of the collapsed...

January 4, 2017
Total Views: 0

Wednesday, December 21, 2016
Maritime News

Commission Weighs MSC Offer for Hanjin Shipping Terminal at Port of Long Beach

The Long Beach Board of Harbor Commissioners is set to consider an offer from a unit of Mediterranean Shipping Company to purchase Hanjin Shipping’s majority stake in the long-term lease...

December 21, 2016
Total Views: 10

Tuesday, December 6, 2016
News

Hundreds of Shippers Still Waiting for Cargo in Hanjin Boxes ‘Held Hostage’ By Out-of-Pocket Ports

By Mike Wackett  (The Loadstar) – Three months after the collapse of Hanjin Shipping, hundreds of shippers have still not received their cargo, even though the bankrupt carrier’s containerships have...

December 6, 2016
Total Views: 13

Monday, December 5, 2016
hanjin ship
News

Shipping Alliance Prepares Contingency Plans for Another Bankruptcy

By Mike Wackett (The Loadstar) – In the wake of the Hanjin bankruptcy, THE Alliance has devised a “catastrophic instrument” funding mechanism, to be used if one of its member...

December 5, 2016
Total Views: 0

Sunday, November 13, 2016
News

Shrinking Hanjin Fleet Signals Fall of Korean Shipping Industry

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most of its chartered vessels...

November 13, 2016
Total Views: 4

Monday, November 7, 2016
News

Cargo Owners in ‘Flight to Safe Havens’ After Hanjin Collapse

By Brenda Goh and Faith Hung SHANGHAI/TAIPEI, Nov 7 (Reuters) – Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially...

November 7, 2016
Total Views: 2

Saturday, October 29, 2016
Ships at anchor off Singapore.
Maritime News

Container Shipping: Will New Alliance Structures Help Stabilize The Market?

By Sam Whelan (TheLoadstar) After the supply chain havoc caused by Hanjin Shipping’s collapse, and with an alliance reshuffle on the horizon, should shippers be hoping for further carrier consolidation? Or...

October 29, 2016
Total Views: 8

Thursday, October 27, 2016
Maritime News

Hanjin Vessel Sitting Off Canada for Months Set to Dock in Vancouver

By Catherine Ngai VANCOUVER, Oct 27 (Reuters) – A container vessel that spent months sitting off Canada’s west coast due to the collapse of a major South Korea shipping company...

October 27, 2016
Total Views: 8

News

HSH Nordbank Seals Charter of Hanjin Ships to Maersk

LONDON/FRANKFURT, Oct 27 (Reuters) – 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...

October 27, 2016
Total Views: 3

Monday, October 24, 2016
Maritime News

Hanjin Cleared to Wind Down European Business

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection late August, won approval from...

October 24, 2016
Total Views: 6

Thursday, October 20, 2016
News

Hanjin Shipping in Talks to Sell Long Beach Terminal to MSC

By Joyce Lee SEOUL, Oct 21 (Reuters) – Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva-based Mediterranean Shipping...

October 20, 2016
Total Views: 1