Hanjin Break Up Begins

Reports suggest that Hanjin Shipping has received bankruptcy court approval to sell assets against their $5.5 billion debt.

This may include the sales offices, overseas companies and port assets for their largest trade route, between Asia and North America.

There are also suggestions that they are talking to carriers regarding the sale of the 37 container ships they owned, with 5 of their largest ships being expected to be sold shortly.

Funds are expected to pay off creditors to assist the clearance of containers still stranded at ports around the globe.

Meanwhile, after the turmoil of the last few weeks there may be a silver lining for the remaining carriers on Asian routes. According to SCFI analysts this week; container rates are expected to continue on an upward trend over the current quarter and perhaps beyond.

 

 

<< PLEASE SHARE THIS STORY ON SOCIAL MEDIA EASILY BY CLICKING THE ICONS TO THE LEFT.

Follow Us:

More News…..

Blue Inc Tilbury Move

High street & online retailer, Blue Inc, recently made the transition to the Uniserve Super Distribution Centre in Tilbury, with the entire move being completed over one weekend. The complex operation - which included transferring their web operation - was up,...

New Partners in Italy

Uniserve have signed a new partnership with international forwarders EuroLogisco - further strengthening their scheduled services to and from Florence and Italy as a whole. The new partnership means Uniserve now have wet and dry bonded warehousing in both Florence and...

Lunch With Rugby Legends

Uniserve recently hosted a small private lunch event for customers and suppliers to meet some of England's rugby legends and to network to discuss global supply chain developments. The lunch event was an open table discussion with some of the players from yesteryear;...

Share This

Please Share This Article

It only takes a couple of clicks and it would be greatly appreciated! Many Thanks