Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
Kambara-kisen signed the contract with a service provider 'CyberLogitec Co.,Ltd.' (Seoul, Korea) for Japan's AFR*.
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.
21 Jul 2016
Hyundai Merchant Marine on Thursday signed an agreement with its creditors to proceed with its business normalization plan.
19 Jul 2016
Hyundai Merchant Marine will get a new CEO in August.
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.
16 Jun 2016
Hyundai Merchant Marine’s sailing into the THE Alliance is expected to be smooth.