Cargologicair sells off remaining stock and redundant staff can be paid
The remaining stock of Cargologicair, still under administration, is soon to be sold. The formerly ...
Today’s news on Hanjin’s bankruptcy comes from South Korean newswire Yonhap, which reports that Hyundai Merchant Marine (HMM) might be the only the only bidder for Hanjin’s transpacific operations, put up for sale in the desperate hope of raising some cash. Such is the industry overcapacity however, that few other lines seem interested in acquiring seven overseas offices and five containerships. Initial bids are due tomorrow, with a final round of bidding scheduled for 7 November.
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
MSC Elsa 3 sinking – now the 'blame game' begins
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
New services and reinstated blanked sailings boost transpacific capacity
Congestion fear as US west coast ports brace for transpacific cargo surge
$2.1bn E2open purchase will 'catapult WiseTech into a different dimension'
News in Brief Podcast | Week 21 | GRIs and European port congestion
Houthis claim Red Sea safe for box ships not calling at port of Haifa
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
Bad news for shippers as wave of transpacific rate increases continues
US importers stockpiling goods to avert autumn shortages amid tariff chaos
Shippers brace for rate rise as smart phones expected to drive air cargo market
Comment on this article