South Korea
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Asia
HMM front-runner to take over Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM), Korea Line Corp and three unidentified other parties are in the mix to take over the…
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Asia
Hanjin seeks to close Europe operations
Embattled Hanjin Shipping’s move to try and forge a future as an intra-Asia operator moves ahead with news the Korean…
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Asia
$27bn: IMF estimates bill Korean taxpayers are paying to save local maritime industries
Irate Korean taxpayers reacted with shock Sunday as the full enormity of Seoul’s bailout of the nation’s beleaguered shipping and…
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Americas
MSC in talks to take Hanjin’s Long Beach terminal stake
Mediterranean Shipping Company (MSC) is in discussions with troubled Hanjin Shipping to buy the Korean’s stake in a box terminal…
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Asia
Taxman raids DSME headquarters
The woes continue to mount at troubled South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) with a tax…
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Asia
Korean boxlines urged to form new alliance
Pulse, a business news site in South Korea, is reporting that Seoul is now looking at getting the nation’s smaller…
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Asia
Hanjin to axe 400 staff in South Korea
Hanjin Shipping will lay off about 400 land-based employees in South Korea as it fights for survival. The news follows…
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Asia
In wake of Hanjin demise, Samsung Electronics eyes the Trans-Siberian
Samsung Electronics, stung by the sudden demise of compatriot Hanjin Shipping, has moved to diversify its supply chain tactics. The…
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Asia
HMM in the mix for Hanjin’s transpacific operations
Hyundai Merchant Marine (HMM) has come out and said it is likely to bid for the transpacific assets of troubled…
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Asia
Sweeping changes at the world’s largest shipbuilder
The world’s largest shipbuilder is making plenty of changes as it fights to get through the downturn. Senior management at…
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Asia
Hanjin’s longest voyage yet
“Time is the longest distance between two places,” concludes the Tennessee Williams’ character at the end of the play The…
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Asia
Another Korean line files for court receivership
Another South Korean shipping line has sought court protection. Seorae Sea Merchant Corp filed for bankruptcy on Friday in Seoul.…
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Asia
Hanjin insurance pay out could hit $1.8bn: Credit Suisse
Credit Suisse analysts are warning the insurance fallout from the demise of Hanjin Shipping could be one of the largest…
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Asia
STX awaits court armistice as rehab verdict delayed until November 11
The decision by a court in Seoul whether or not to approve STX Offshore & Shipbuilding’s rehabilitation plan has been…
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Asia
Restis finally secures HHI suezmax berths
The Greeks have worked out that tanker newbuild prices are likely to have hit rock bottom and they are moving…
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Asia
HMM will become South Korea’s ‘flagship’ line
After leaving Hanjin to flounder, the South Korean government is to develop Hyundai Merchant Marine (HMM) as the country’s ‘flagship’ shipping…
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Asia
Hanjin Shipping asset sale under way
The ‘for sale’ sign has officially been placed up at Korean line Hanjin Shipping today after the local court approved…
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Asia
Court set to announce Hanjin Shipping fire sale
Seoul Central District Court, which is overseeing Hanjin Shipping’s receivership process, plans to publish a notice to put the bankrupt…
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Asia
Daewoo Shipbuilding laying off 3,000 employees
Financially troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) plans to eliminate 3,000 jobs before year-end as part…
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Asia
Idle containership fleet swells with redelivered Hanjin vessels
Bankrupt Hanjin Shipping has redelivered the majority of its chartered-in vessels with more to follow, which is swelling the global…
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