Nico Peters appointed Tailwind Shipping's new VP, liner management
German retail giant Lidl’s in-house container shipping operation, Tailwind Shipping Lines, has named Nico Peters ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
One of the first liner shipping bosses to fall on his sword, Hanjin chief executive Kim Young Min has resigned following two successive years of financial losses combined with a failure to restructure the company’s debt. Last month, sister company Korean Air had to lend the container shipping line an emergency $141m to cover a “liquidity shortfall”, and its stock price has fallen 43% this year. Appointed in January 2009, Mr Kim’s contract originally ran until 2015, although he will remain in his position until a replacement is found.
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