Thursday, August 10, 2017
Tradelane rivalry may scupper partnership of 14 Korean shipping lines, warns analyst
Yesterday&rsquo;s partnership agreement between 14 South Korean shipping lines falls far short of the consolidation needed to bring them significant benefits, according to Alphaliner.The Korean Shipping Partnership (KSP) was announced by the Korea Shipowners&rsquo; Association (KSA) and ...
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Wednesday, August 09, 2017
Hanjin creditors can expect to get back less than two cents in the dollar
Thousands of creditors of bankrupt ocean carrier Hanjin Shipping can expect to get back less than two cents in the dollar, after it was revealed that claims approved so far total some KRW12tr ($10.5bn).The mind-boggling extent of the South Korean carrier&rsquo;s indebtedness was revealed in ...
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Tuesday, August 08, 2017
Shipping Industry News Updates
On August 7, OOIL (00316HK) released the financial report of the first half of 2017. Earnings totaled 2.898 billion dollars, equal to 19.497 billion yuan. To be specific, earnings from container shipping and logistics was 2.884 billion dollars; net income for stockholders was 53.606 million dollars,...
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