Asia-Europe spot rates soften, while transpac prices harden as dock strike threatens
Transpacific container spot rates were in the ascendancy this week as industrial action storm clouds ...
By Mike Wackett
Korea Line, a dry bulk and tanker operator, has been chosen as the preferred bidder for bankrupt Hanjin Shipping’s Asia-US network.
The Seoul Central District Court said today the final agreement for the purchase of the US routes (a 7% market share) would be signed on 21 November.
It also announced that Korea Line had also bid for Hanjin’s 54% stake in the Total Terminals International (TTI) facility at Long Beach, California.
Korea Line, owned by South Korean construction and chemical SM Group, has ...
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