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.
Uniserve Group Graduate Management Trainee - Lauren Liddell - has entered the last leg of her 15 month induction program, after touching down in Singapore last month to start her 3 month overseas placement. The scheme has been extremely successful over recent years,...
Uniserve Group's technologically advanced fleet received some exciting additions recently when group member Zenith Logistics took delivery of five new ‘Legras’ 13.5m tri-axle moving-floor trailers. The new equipment will be largely servicing a newly secured wood-chip...
The UK’s leading international logistics and supply chain management company, Uniserve, have teamed up with Bath Rugby in a sponsorship agreement to coincide with the new 2017-18 season. The multi award-winning, global British business will feature on the back of the...