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.
The Uniserve Apprenticeship scheme has been in full flow over the past twelve months and is continuing to prove to be a successful means of attracting and developing new supply chain stars for the future. Three more employees have completed their initial...
The date has now been confirmed for the largest sporting event in history, that's Upminster Court history, as two fierce rivals prepare to meet in just twelve days time. Uniserve Upminster will be hosting Uniserve Tilbury in a 7-aside football match for the inaugural...
Uniserve have been named as a finalists in the FTA Logistic Awards this week, ahead of the London awards ceremony being held in December. The group have been nominated in the category of 'logistics partner of the year', for the ongoing development of our...