South Korea

13 Feb 2017
Hyundai Merchant Marine in 2016 reduced its financial losses 99.3 percent.
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.
Joining the 2M Alliance will lower Hyundai Merchant Marine's operating costs and help it gain access to much-needed capital.
14 Jul 2016
After much uncertainty and speculation Hyundai Merchant Marine on Thursday announced that it would join the 2M Alliance.
28 Jun 2016
Battling a liquidity crisis, the company must cut costs to remain operational.
17 Jun 2016
Hanjin Shipping's efforts to secure lower charter rates have taken a hit.