US Logistics Solutions files for liquidation, with significant job losses
UPDATED 26.06.24 TO INCLUDE TEN OAKS STATEMENT US Logistics Solutions, formerly known as Forward Air Solutions, ...
By Mike Wackett
Hyundai Merchant Marine (HMM) could be put into receivership as early as tomorrow by its creditors if it fails to convince owners of its chartered ships to cut daily hire rates by up to 30%.
HMM invited the owners of the 36 container and 50 bulk chartered vessels for final negotiations in Seoul this week, but admitted that its attempts to gain significant rate discounts have “so far been unsuccessful”.
South Korea’s second-biggest shipping line said it needed to achieve reductions to ...
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MBA, Yongha Lee
May 21, 2016 at 2:50 amHMM requested to extend charterage renegotiation time with its vessel lenderers to Creditor Bank
This source is based on Firm Info Channel
Anna
May 21, 2016 at 3:22 amThe creditor Bank allowed HMM to renegotiate charterage terms with its vessel owners a few days more time extention
This source is based on Firm Info Channel . http://www.firmnews.net
John Roberts
May 23, 2016 at 3:03 pmHMM is doomed. Its in nobody’s interest to keep it alive as the whole market needs a reduction in capacity to allow rates to go up. Only a fruitcake would move their cargo with HMM at the moment with the risk of ships being arrested.
James
May 30, 2016 at 9:08 amReally ??
Come on