South Korea
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Asia
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Asia
Carriers continue to add transpacific tonnage post-Hanjin
It’s not just Maersk, MSC and Hyundai Merchant Marine (HMM) that have rushed to add capacity on the transpacific trades…
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Asia
Hanjin ships put up for sale as Italian subsidiary closes
More Hanjin ships have been put up for sale. Citing shipbroking sources, Reuters is reporting that the Hanjin Mar and…
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Asia
KOGAS signs MOU to develop LNG import terminal in Brazil
South Korea’s state gas company KOGAS has signed a Memorandum of Understanding (MOU) with the Brazilian state of Ceara to…
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Asia
Marsh forecasts lower charter rates in the wake of Hanjin’s demise
Cargo owners and shipowners are most at risk of suffering financial losses from Hanjin Shipping’s entering into court receivership, according…
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Asia
Winning Shipping buys ex-Hanjin-chartered capesize
China’s Winning Shipping has bought a capesize from Kumiai Senpaku that was formerly on charter to Hanjin Shipping, which entered…
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Asia
South Korean president warns Seoul will not rescue Hanjin Shipping
Six Hanjin Shipping vessels are confirmed as arrested following the line’s court receivership at the end of last month. Seven…
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Asia
Is Hanjin shipping’s Lehman moment?
Is the fall of Hanjin shipping’s Lehman Brothers moment? That’s the point of view of Gerry Wang, the head of…
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Asia
Shippers could be sued for up to $300m by Hanjin Shipping
Extrapolating statistics from the bankruptcy of budget boxline The Containership Company (TCC) back in 2011, SeaIntel has warned in its…
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Asia
Fire sale surrounding Hanjin Shipping continues
The fire sale related to the Hanjin Shipping fleet is picking up momentum. Two small bulk carriers, which had been…
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Asia
STX Offshore & Shipbuilding submits latest rehabilitation plan
South Korea’s STX Offshore & Shipbuilding revealed on Saturday it has submitted a proposal to a court in Seoul on…
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Asia
Chief engineer dies following explosion onboard Korean tanker
A South Korean chief engineer died on Friday evening and two colleagues were injured following an explosion on the chemical…
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Americas
US judge extends Hanjin’s protection from creditors as ships start to unload
A US bankruptcy judge on Friday granted Hanjin Shipping the protection it requested for its ships wanting to dock and…
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Asia
Koreans eye LNG carrier repair business
Three Korean companies have come together to form an LNG carrier repair entity. GAS Entec, a Korean engineering firm is…
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Asia
Taps turned off as Hanjin Shipping edges closer to oblivion
The chaos wrought by Hanjin Shipping’s court receivership – container shipping’s largest ever bankruptcy – stepped up a notch today…
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Asia
South Korea’s big three yards to slash manpower by another 30%
Politicians in Seoul are carrying out a two-day debate on the government’s mismanagement of its bailouts handed to local shipping…
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Asia
HMM and other Korean carriers form Mini Alliance to replace Hanjin
South Korea’s Hyundai Merchant Marine (HMM) and compatriot carriers Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping have formed…
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Asia
Hanjin vessels moving again amid chaotic global supply chain scenes
Splash has been given exclusive access by BigOceanData to its proprietary system allowing readers to see where all Hanjin Shipping…
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Asia
Anger grows at $14bn of stuck cargoes on Hanjin ships
The chaos surrounding the receivership of Hanjin Shipping, container shipping’s largest ever bankruptcy, continues to plague shippers around the world…
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Asia
Vietnam’s Prime Shipping in for Dong-A chemical tanker
Vietnam’s Prime Shipping Corporation is beefing up its fleet. The Southeast Asian tanker owner has bought the 12-year-old product tanker,…
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