hanjin

Business, Logistics

South Korean Court Considering Sale of Hanjin Shipping

FINANCIALsight/Flickr

The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.

Kyunghee Park | Bloomberg News
September 29, 2016
Business, Logistics

Hyundai Merchant Said to Be Looking at Buying Hanjin Assets

Krisztian Bocsi/Bloomberg News

Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.

Kyunghee Park | Bloomberg News
September 26, 2016
Business, Logistics

Hanjin Clients Report Price-Gouging, Container Pileups

jgmorard/Flickr

Hanjin Shipping Co. and its customers are being asked to pay more than usual to bring freight into U.S. ports, creating a backlog that could keep goods off shelves during the holiday shopping season.

Tiffany Kary | Bloomberg News
September 23, 2016
Business, Logistics

Hanjin Tells Major Retailers That Vessels Won't Stop in the US

Tim Rue/Bloomberg News

Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.

Ari Ashe | Staff Reporter
September 22, 2016
Business, Logistics

Hanjin Gets $45 Million Credit Line to Unload Cargo From Stranded Vessels

Tim Rue/Bloomberg News

Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won ($45 million) to help ease supply chain disruptions caused by the collapse of the nation’s biggest container mover.

Kyunghee Park | Bloomberg News
September 22, 2016
Business, Logistics

Hanjin Bankruptcy Tip of the Iceberg for Flailing Shippers

Tim Rue/Bloomberg News

LOS ANGELES — For the past five years, top shipping companies pushed forward with fat investments in more and bigger vessels, even as signs of trouble piled up.

Natalie Kitroeff | Los Angeles Times
September 21, 2016
Government, Business, Logistics

US Commerce Department Urged to Resolve Hanjin Shipping Crisis

Tim Rue/Bloomberg News

The National Retail Federation and other U.S. trade groups are urging the Commerce Department to work with the South Korean government to resolve the Hanjin Shipping Co. crisis, which stranded an estimated $14 billion of goods at sea.

Nick Turner | Bloomberg News
September 20, 2016
Business, Logistics

Hanjin Cuts Fleet as Court Advises Return of Chartered Ships

Tim Rue/Bloomberg News

Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet.

Kyunghee Park | Bloomberg News
September 19, 2016
Business, Logistics

Hanjin’s Stranded Cargo Begins to Flow at US Ports

Bloomberg Business

Cargo stranded by the Hanjin Shipping bankruptcy slowly began to flow through U.S. ports last week, offering the first small signs of relief for truckers and their customers.

Rip Watson | Special to Transport Topics
September 19, 2016
Business, Logistics

Fleets Fret Over Claims on Bad Hanjin Cargo

Tim Rue/Bloomberg News

As Hanjin Shipping vessels finally arrive in the United States, some motor carriers are reluctant or refusing to accept cargo that might have been damaged because it could expose them to liability claims.

Ari Ashe | Staff Reporter
September 19, 2016

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