Mega M&A not on the menu for 'One UPS' – but it has a plan
Over two long hours with UPS
An unfortunately obscure headline from the Korean Times, but the nub of it is this: after months of flirting with bankruptcy, Hanjin Group, the South Korean container line’s parent company, has again offered Hanjin Shipping another cash injection, rumoured to be in the region of Won400bn (US$380m). But it comes with caveats, this time in the shape of another management shake-up that will see Hanjin Shipping chairwoman Choi Eun-young hand control of the company to Hanjin Group chairman Cho Yang-ho. What this means in practice is that the box carrier could eventually become a subsidiary of the group’s flagship operation, Korean Air.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Could the Dali have suffered a power loss before bridge crash?
Strike paralysing Finnish ports extended after talks collapse
DB Schenker makes 'positive contribution' to DB – but it's an odd fit
Niche players continue to risk Red Sea transits with new services – at a price
Indian Customs to auction uncleared export boxes at Nhava Sheva
Maersk reacts to calmer market and restores standalone transpacific loop
MSC and FedEx face $11m fine for 'unfair charges' to shipper
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article
Lou Roll
April 02, 2014 at 1:06 pmThis should be read with the background of the Korean government and major banks tightening their supervision and control over 43 Korean industrial and commerce groups with extensive debt liabilities. On this, see today’s BusinessKorea article, amongst others: http://www.businesskorea.co.kr/article/3889/strengthened-standards-43-major-business-groups-put-under-creditor-management?utm_source=Business+Korea+Daily+Newsletter+Recipients&utm_campaign=e82da91bcb-RSS_NEWSLETTER_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c5e919851d-e82da91bcb-151594085