European Cargo: grounded by financial pressure and an unforgiving market
European Cargo’s collapse appears to have been driven by a combination of rising operating costs, ...
© Binkski
By Mike Wackett
Container lessors will take a multi-million dollar hit from the collapse of Hanjin Shipping in unpaid hire fees and the termination of hire contracts for 750,000 teu of equipment.
The lessors have issued an industry alert through the Container Owners Association (COA), that includes the Hanjin container types, ...
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