Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
© Max Moore
By Mike Wackett
Hanjin Shipping told The Loadstar today it would not be drawn on renewed suggestions from a South Korean government official of a merger with Hyundai Merchant Marine (HMM).
Financial Services Commission chairman, Yim Jong-yong told a news conference in Seoul yesterday that the government would consider merging the two ailing shipping groups once they had “normalised their management”.
However, although HMM has achieved charter rate cuts demanded by its creditors, Hanjin is significantly behind the curve on negotiations with shipowners, and is also hampered by arrears ...
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www.FirmInfo.net
June 15, 2016 at 5:44 amAll the vessel owners should follow the same charterage with Peter Dohle which lent 80 container vessels to Maersk Line to avold container freight war to increase market shares
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