Receive FREE Newsletter
Advanced Search
+

News / Samudera Shipping blames Hanjin collapse for Q3 dive into red ink

sinar-sabang
By

Singapore-listed intra-Asia shipping line Samudera today claimed Hanjin’s bankruptcy had hit its third-quarter volume, blaming the South Korean carrier for most of its double-digit decline in revenue.

“On the back of prevailing pressure on freight rates and a 2.1% decrease in volume handled, to 273,000 teu, largely due ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Bankruptcy Blues Samudera Shipping The fall-out from Hanjin The Purse Strings

    Most read news

    MSC joins lines cutting transpac services – but it's not enough to halt rate slide

    'Another painful headache for shippers' as Asia-N Europe rate rally ends

    Transpacific drop illustrates shifting global container trade patterns

    Amazon Air Cargo partners-up for new transpacific route into the US

    Gemini to reintroduce direct Asia-Europe calls at Aarhus and Gothenburg

    Hauliers add surcharge for collections from congested London Gateway

    CMA CGM South Korean staff strike over bonuses after bumper 2024 profit

    Two killed after Houthi attacks resume on merchant ships

    Amazon wanted to partner, then copied our air cargo strategy, claims start-up

    Shipping lines are sub-letting tonnage to profit from firm charter market

    Peek through 'the veil of ignorance' with DSV, DHL, K+N & Mærsk

    Yang Ming eyes services to east coast South America ports

    Tariffs: America First or will it be America Alone?

    China offers European forwarders automotive logistics opportunities

    Blow for air cargo handler Celebi as Indian court upholds market ban

    Interest in larger tonnage picks up amid flurry of newbuild orders