Now Korean seafarers try to stop HMM sale: 'don't forget Hanjin'
With just days to go before a preferred buyer is nominated to take the state’s ...
XPO: MARKET DYNAMICS ON THE RADAR XPO: CHIEF STRATEGY OFFICER TALKS GROWTHXPO: 'MANAGING LABOUR COSTS' XPO: CONF CALL LIVEMAERSK: MARKET OUTLOOKMAERSK: GUIDANCE UP AS EXPECTED AHEAD OF INTERIMS MAERSK: PRELIMINARY UPDATE OUTXPO: EARNINGS BEATDHL: STEEP DEMAND SURCHARGE DHL: FORWARDING CONVERSION RATIO DHL: MARKET SHARE RISKDHL: DEAL-MAKING OPPORTUNITIESDHL: DEMAND SURCHARGE AND CHINADHL: FORWARDING OUTLOOKDHL: DEMAND SURCHARGEDHL: LUXURY VERTICAL RISKDHL: GUIDANCE QUESTIONED DHL: NEW POSTAL LAW UPSIDEDHL: VOLUME PATTERNSDHL: CONF CALL LIVE
XPO: MARKET DYNAMICS ON THE RADAR XPO: CHIEF STRATEGY OFFICER TALKS GROWTHXPO: 'MANAGING LABOUR COSTS' XPO: CONF CALL LIVEMAERSK: MARKET OUTLOOKMAERSK: GUIDANCE UP AS EXPECTED AHEAD OF INTERIMS MAERSK: PRELIMINARY UPDATE OUTXPO: EARNINGS BEATDHL: STEEP DEMAND SURCHARGE DHL: FORWARDING CONVERSION RATIO DHL: MARKET SHARE RISKDHL: DEAL-MAKING OPPORTUNITIESDHL: DEMAND SURCHARGE AND CHINADHL: FORWARDING OUTLOOKDHL: DEMAND SURCHARGEDHL: LUXURY VERTICAL RISKDHL: GUIDANCE QUESTIONED DHL: NEW POSTAL LAW UPSIDEDHL: VOLUME PATTERNSDHL: CONF CALL LIVE
Given what we now know about Hanjin, the fact that its former chairwoman Choi Eun-young disposed of her shares, for $2.7m, in April seems worthy of an investigation – and the Korean authorities think so too. She would have lost $1m if the sale – which took place just a few days before the company applied to restructure its debt – had not proceeded. Ms Choi insists, however, that she had no idea the company was in financial trouble and she had just wanted to pay off some personal debts. Her debts cannot have been too bad, however, this month she pledged to provide Hanjin with $9m of her own money, claiming a “heavy sense of moral responsibility”.
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