Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
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.
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