Snapshot: Glowing GLS still subsidising Royal Mail?
When big losses are good news, but…
Five years after saving South Korea’s HMM from the brink with a debt-for-equity swap, Korea Development Bank says it will unload its stake in Korea’s flagship liner operator.
KDB chairman Lee Dong-gull disclosed the planned sale at a press conference yesterday to mark the fourth anniversary of his inauguration.
In 2016, HMM was facing bankruptcy after years of losses and, as part of its self-rescue plan, the carrier renegotiated its long-term vessel charter contracts, reducing charter rates by as much as 21%.
KDB, ...
Peak season hopes dashed as freight rates slip again
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Airlines that adapt quickly will survive likely freight pain in H2
Pessimistic Yang Ming to refocus on 3PL, terminals and yards
Freight slump does not stop US inland ports’ advance
Mexican rail seizures give near-shoring interests pause for thought
Digital forwarder Freightwalla's failure reveals home truths
Comment on this article