South Korea moves to support export supply chains as tariffs loom
In preparation for the expected introduction of wide-ranging tariffs on goods imported into the US, ...
HON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALSMAERSK: WORKING CAPITAL MAERSK: GEMINI FEEDBACK AND CUSTOMER RETENTION MAERSK: INVESTOR DAY UPDATEMAERSK: CEO PREPARED REMARKS MAERSK: CONF CALL ABOUT TO START RXO: HAMMEREDUPS: ONE CENT CLUB MAERSK: BUYBACK PROGRAMME DISCLOSURE
HON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALSMAERSK: WORKING CAPITAL MAERSK: GEMINI FEEDBACK AND CUSTOMER RETENTION MAERSK: INVESTOR DAY UPDATEMAERSK: CEO PREPARED REMARKS MAERSK: CONF CALL ABOUT TO START RXO: HAMMEREDUPS: ONE CENT CLUB MAERSK: BUYBACK PROGRAMME DISCLOSURE
This report from Splash247 suggests that the end is almost nigh for Hyundai Merchant Marine. South Korea’s Financial Services Commission announced that it would likely propel the company into receivership after it had failed to get the daily charter hire rate reductions from shipowners necessary for it to proceed with its financial restructuring. The financial watchdog said it was “unviable” for Hyundai to indefinitely extend charter hire negotiations, given that its shipowners had so far shown absolutely no interest in reducing daily rates, but without a reduction, the “normalisation” of its balance sheets would be impossible to achieve.
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Seo Golden
May 24, 2016 at 5:48 amKLC, Korea Line Corporation and STX Pan Ocean underwent the court receivership in 2010 and 2013 respectively. Navios Maritime Partner which lent bulk carrier vessels to both shipping companies didn’t receive any money at that time. The two shipping companies cleared in the court receivership and then were sold to other companies. Therefore, Navios Maritime Parter showed the most positive way to discount the charterage for HMM, Hyundai Merchant Marine.