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.
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