CMA CGM South Korean staff strike over bonuses after bumper 2024 profit
CMA CGM’s employees in its South Korea office have gone on strike for increments and ...
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
MAERSK: MOST DEFENSIVE AFTER NEW TARIFF THREATS TSLA: MERGER TALKDHL: HUNTINGDSV: FX RISK ON THE RADAREXPD: LOOKING AHEADPLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGS
In the wake of the collapse of Hanjin Shipping and the subsequent crisis beginning to sink South Korea’s shipbuilding industry – new vessel orders in the first nine months of the year were down some 87% year-on-year – the South Korean government has decided to set up a ship finance firm with an initial capitalisation of $870m to stave off further bankruptcies. One silver lining for the industry is that recent IMO rulings on sulphur emissions is expected to lead to a surge in demand for LNG-fuelled vessels, as well as LNG bunker ships for ports.
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