European Cargo: grounded by financial pressure and an unforgiving market
European Cargo’s collapse appears to have been driven by a combination of rising operating costs, ...
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By Alex Lennane
Perhaps what is most striking about this timeline is that news of Hanjin’s financial troubles publicly surfaced in May. Yet in August, the carrier announced its second quarter financial results and revealed that volumes had risen 7.2% since the first quarter, and 1% year-on-year – ...
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