South Korea

01 Sep 2016
A merger between Hanjin and HMM now seems to have the backing of the state.
31 Aug 2016
Sharp spot rate increases could take effect as soon as Thursday.
Being in the red for four of the last five years has caught up to Hanjin Shipping.
31 Aug 2016
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
30 Aug 2016
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
30 Aug 2016
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
30 Aug 2016
The Korea Exchange has asked the country’s largest carrier for clarification on media reports that it has lost the support of South Korean banks.
29 Aug 2016
There is a glimmer of light at the end of the Hanjin tunnel as its main charterer agrees to a deal and foreign banks delay debt repayments.
The cash from Korean Air Lines is separate from an earlier announced plan to raise liquidity at Hanjin Shipping.
26 Aug 2016
Korean Air Lines is swooping in to support Hanjin Shipping.
Hanjin Shipping has until Sept. 4 to meet the conditions set by its creditors, and the South Korean government has expressed reluctance to bail out the struggling container line.
25 Aug 2016
Hanjin Shipping on Thursday submitted its plan to boost liquidity to the Korea Development Bank.
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.