South Korea

Hanjin Shipping has not been as fortunate in its liquidity crisis as compatriot Hyundai Merchant Marine, which reached an agreement with creditors in June.
23 Aug 2016
Hanjin Shipping will submit a plan to raise liquidity to its largest creditor, the Korea Development Bank, on Thursday.
Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
22 Aug 2016
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.
16 Aug 2016
Hanjin Shipping, the biggest of South Korea’s shipping outfits, swung to a loss in the second quarter.
Lower volumes on trans-Pacific and Asia-Europe routes were contributors to the operational loss of Hyundai Merchant Marine in the second quarter.
16 Aug 2016
South Korea’s second-largest shipping line posted an overall net profit in the second quarter.
10 Aug 2016
The head of South Korea's financial watchdog on Wednesday said Hanjin Shipping should prepare for receivership, if it can’t reach an agreement with creditors and tonnage providers.
Receivership would drag down Hanjin Shipping's credit rating, which has already been downgraded twice this year by Korea Investors Service.
04 Aug 2016
Hanjin Shipping’s creditor banks gave it an extra month to lower charter rates, reduce loans from foreign lenders and reschedule bond payments.
29 Jul 2016
Maersk Line has played down speculation that it will try to acquire Hyundai Merchant Marine.
26 Jul 2016
Hanjin Shipping confirmed it remains in negotiations with tonnage providers for lower rates, but wouldn't say much else.
25 Jul 2016
ALE this month used a specially designed skidding system to load a 30,000-ton jack-up drilling rig onto a barge.
Mega-ships and the 2M Alliance are both critical features of Hyundai Merchant Marine's efforts to stabilize its finances.
21 Jul 2016
Hyundai Merchant Marine on Thursday signed an agreement with its creditors to proceed with its business normalization plan.
The new CEO of Hyundai Merchant Marine will be quite busy as he or she tries to return to profitability a company that was on the brink of receivership just two months ago.
19 Jul 2016
Hyundai Merchant Marine will get a new CEO in August.