News in Brief Podcast | Week 7 | Tariff pandemonium and port congestion
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
© Hansenn
By Mike Wackett
With all attention on how long Hyundai Merchant Marine (HMM) can stave off bankruptcy, evidence of South Korean compatriot Hanjin Shipping’s equally severe cash crisis has emerged.
A prospectus from containership owner Seaspan Corporation yesterday reveals that Hanjin is significantly behind in its charter hire payments.
It says: “Hanjin charters three of our 10,000 teu vessels and four of GCI’s [an affiliate] 10,000 teu vessels under 10-year charter contracts with options to extend. Hanjin currently is making monthly payments under its charters with us, but, as ...
Comment on this article
Raja Saravanan
May 26, 2016 at 2:57 amIt is very useful article to get to know about current industry situation, please keep me update with all news related to Hanjin Shipping and HMM.
Thank you.
The firm Info
June 02, 2016 at 6:32 amHanjin Shipping will receive the reflective benefit when it corrects its charter fee from vessel owners as HMM, Hyundai Merchant Marine performed the charter fee renegotiation successfully. Hanjin Shipping will make it perfectly as HMM. Foreign Institutions seem to correct the stock price of Hanjin Shipping by selling their stocks to the downward, while they are lifting the stock prices of HMM by buying them to the upward.
www.FirmNews.net
June 06, 2016 at 2:49 pmHANJIN SHIPPING finished the 1st renegotiation with their vessel owners. Most of their vessel owners including CINER, GCI(Greater China Intermodal), Peter Dohle,
CONTI, NSB, Seaspan have already known HMM’s charterage renegotiation.
All the vessel owners of hanjin Shipping seems to follow HMM’s ship owners behavior sooner or later.