• Hanjin Shipping bankruptcy sends shockwaves across global supply chains

    Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish

    published: 07 Sep 2016
  • Hanjin Shipping declared bankrupt

    법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping, once the biggest name in Korea's thriving shipping sector,... was officially declared bankrupt today. Despite injections of governmental support, it folded under the weight of billions of dollars of debt. According to our Kim Min-ji, this development is expected to deal a damaging blow not just to the local industry, but the economy as a whole. A 40-year history... ended. The Seoul Central District Court on Friday cut off the lifeline of Hanjin Shipping -- once Korea's largest shipping company... and the world's seventh largest -- following a two-week appeals period. A bankruptcy trustee will now be appointed to sell off Hanjin's remaining assets. Earlier this month, the court decided to end the rehabilitation scheme,... saying the firm'...

    published: 17 Feb 2017
  • Bankruptcy Of Major Shipping Company Causes Cargo Crisis

    The bankruptcy of shipping company Hanjin is causing major problems here in Southern California. Cristy Fajardo reports.

    published: 05 Sep 2016
  • Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    published: 07 Sep 2016
  • Global Shipping Bankruptcy Crisis

    Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.

    published: 01 Sep 2016
  • What Happens When A Shipping Company Goes Bust | CNBC

    Here’s the anatomy of a bankruptcy when you’re one of the world’s top ten shipping companies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC What Happens When A Shipping Company Goes Bust | CNBC

    published: 16 Sep 2016
  • 45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

    한진해운 선박 45척 운항차질… 국제 물류에 혼란 The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tons of goods being carried by the Korean company will reach shelves. Oh Jung-hee reports. Almost half of Hanjin Shipping's fleet has stopped operating,... ...as the company was put under a court-led restructuring scheme on Thursday. 45 ships are denied entry to ports,... or remain anchored,... in seven countries including China, Japan, India, and the U.S.,... as port workers refuse to offload or take aboard cargo in fear of unpaid fees. According to the Korea International Trade Association,... China seized or was to seize 10 Hanjin vessels,... while Singapore already ha...

    published: 02 Sep 2016
  • Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

    CNBC's Morgan Brennan reports the latest on the supply chain disruptions caused by the Hanjin bankruptcy. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

    published: 09 Sep 2016
  • Hanjin Shipping receives emergency funding from parent company

    FBN's Robert Gray on the fallout from the bankruptcy of Hanjin Shipping.

    published: 13 Sep 2016
  • Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

    한진해운, 미국 법원에 파산보호 신청 Korea's largest shipping company, Hanjin Shipping, has reportedly applied for bankruptcy protection in the United States. The Wall Street Journal says the application was lodged last Friday, just two days after the company applied for protection in Korean courts. The filing will prevent creditors from seizing Hanjin's U.S. assets and block them from launching further legal action, while the company undergoes restructuring in Korea. The report says the U.S. bankruptcy filing was made by Suk Tai-soo, Hanjin's inside director and foreign representative. The company currently operates over 60 regular lines world-wide, with 140 container or bulk vessels. The Wall Street Journal says Hanjin's bankruptcy will be regarded as "the largest container-shipping failure in histor...

    published: 05 Sep 2016
  • Biggest Bankruptcy Bets for 2017

    The stabilization of energy prices in 2016 stemmed a potential wave of oil patch bankruptcies. That pause could end in 2017 as steep debt loads may prove too much for some suppliers, said Ted Gavin, managing partner of Gavin/Solmonese. "I think the data shows that the prolonged drop in oil prices has led companies seeking to hold on through the trough to use debt to replace what used to be income," said Gavin. "Rather than curtailing operations, companies are going deeper in debt waiting for pricing to return to a level more likely to provide for breakeven or better operations," said Gavin. "Like all businesses, increases in debt in the oil business has a short lifespan before the company faces failure - and here we are." Gavin said the shipping industry is not going to be totally undone b...

    published: 17 Oct 2016
  • Ship company bankruptcy could affect holiday shopping

    For nearly two weeks, dozens of cargo ships belonging to Hanjin Shipping have been stuck at sea after the South Korean company filed for bankruptcy. A judge's ruling has cleared the way for some of those ships to unload, but the bankruptcy could lead to problems come holiday season. Mireya Villarreal has more.

    published: 11 Sep 2016
  • Bankruptcy of cargo company could create economic ripple

    Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.

    published: 08 Sep 2016
  • Shipping Company Bankruptcy Strands Products Worldwide

    Shipping company Hanjin has filed for bankruptcy, leaving hundreds of millions of dollars worth of products stranded at sea

    published: 07 Sep 2016
  • Hanjin Assets, Maersk, Carrier Collapse, China's U.S. Export Ban - Universal Shipping News

    MORE ON HANJIN'S ASSETS FOR SALE - http://www.universalcargo.com/hanjin-asia-u-s-assets-for-sale-what-it-means/ MORE ON HIGH RISK OF MORE CARRIER COLLAPSES -http://www.universalcargo.com/theres-high-risk-of-more-carrier-collapses-says-drewry/ MORE ON CHINA LIFTING BAN ON U.S. BEEF EXPORTS - http://www.universalcargo.com/china-about-to-have-beef-with-u-s-exports-thats-a-good-thing/ MORE ON MAERSK SPLITTING & GOING AFTER OTHER CARRIERS - http://www.universalcargo.com/divide-conquer-maersk-splits-to-go-after-competition/ TRANSCRIPT: Hello and welcome to Universal Shipping News, where we ask, “What the freight is going on with international shipping?” I’m Jared Vineyard Anyone want to buy Hanjin Shipping? No? No. Yeah, no one wants to buy Hanjin Shipping, but the bankrupt carrier’s stoc...

    published: 14 Oct 2016
  • Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

    http://undergroundworldnews.com The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, continued with little resolution with as much as $14 billion worth of cargo stranded at sea according to the WSJ, sending cargo owners scurrying to try to recover their goods and get them to customers. Since Hanjin's bankruptcy protection filing, dozens of ships carrying more than half a million cargo containers have been denied access to ports around the world because of uncertainty about who would pay docking fees, container-storage and unloading bills. Some of those ships have been seized by the company’s creditors. As Bloomberg adds, 85 Hanjin ships that have been effectively marooned offshore as ports in the U.S., Asia and Europe have turned ...

    published: 10 Sep 2016
Hanjin Shipping bankruptcy sends shockwaves across global supply chains

Hanjin Shipping bankruptcy sends shockwaves across global supply chains

  • Order:
  • Duration: 2:34
  • Updated: 07 Sep 2016
  • views: 8692
videos
Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish
https://wn.com/Hanjin_Shipping_Bankruptcy_Sends_Shockwaves_Across_Global_Supply_Chains
Hanjin Shipping declared bankrupt

Hanjin Shipping declared bankrupt

  • Order:
  • Duration: 2:52
  • Updated: 17 Feb 2017
  • views: 451
videos
법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping, once the biggest name in Korea's thriving shipping sector,... was officially declared bankrupt today. Despite injections of governmental support, it folded under the weight of billions of dollars of debt. According to our Kim Min-ji, this development is expected to deal a damaging blow not just to the local industry, but the economy as a whole. A 40-year history... ended. The Seoul Central District Court on Friday cut off the lifeline of Hanjin Shipping -- once Korea's largest shipping company... and the world's seventh largest -- following a two-week appeals period. A bankruptcy trustee will now be appointed to sell off Hanjin's remaining assets. Earlier this month, the court decided to end the rehabilitation scheme,... saying the firm's liquidation value would be worth more than its value as a going concern. Hanjin had been under court receivership since last September, after creditors decided not to extend further financial support. At the time, the company's debt stood at over 5 billion U.S. dollars. Hanjin's collapse was preceded by tough industry conditions,... including low freight rates due to overcapacity, and a decline in shipments from slumping global demand. Some of Hanjin's routes will now be covered by foreign shippers,... and Korean exporters may have to shoulder the cost of redirecting the shipments or finding new shippers. Layoffs are another concern -- while the government says 2-thousand workers will lose their jobs,... experts expect about 25-thousand job losses from related companies as well. "I feel as though the government failed to recognize the importance of the shipping industry as a national industry. Rather than help it stand up again,... Hanjin was forced to sell its major assets -- in essence, leaving it with no options to create profit. The collapse is expected to result in a plunge in Korea's credibility as a shipping nation." Hyundai Merchant Marine now becomes the dominant player in the local shipping industry. It will take on about 200 Hanjin employees and stakes in Hanjin's overseas terminals... and it's aiming to grab 5 percent of the global market share by 2021. It currently holds about 2-point-2 percent of all shipping routes -- falling short of Hanjin's share of about seven percent in cargo from Asia to North America. With more industries set to go through debt workout schemes, experts say the government needs to do more in the initial stages. "We cannot look at different sectors as one. It should depend on the industry outlook and economic principles. We have to consider both the company's financial status and industry factors -- and then decide what's needed." Experts add that as timing is key in corporate restructuring, they say it's important that the next administration sees it as a priority. Kim Min-ji, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/Hanjin_Shipping_Declared_Bankrupt
Bankruptcy Of Major Shipping Company Causes Cargo Crisis

Bankruptcy Of Major Shipping Company Causes Cargo Crisis

  • Order:
  • Duration: 2:05
  • Updated: 05 Sep 2016
  • views: 1502
videos
The bankruptcy of shipping company Hanjin is causing major problems here in Southern California. Cristy Fajardo reports.
https://wn.com/Bankruptcy_Of_Major_Shipping_Company_Causes_Cargo_Crisis
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

  • Order:
  • Duration: 41:14
  • Updated: 07 Sep 2016
  • views: 7070
videos
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
https://wn.com/Panic_Now_Global_Shipping_Chaos_Ghost_Ships_Hanjin_Bankruptcy
Global Shipping Bankruptcy Crisis

Global Shipping Bankruptcy Crisis

  • Order:
  • Duration: 4:22
  • Updated: 01 Sep 2016
  • views: 1010
videos
Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.
https://wn.com/Global_Shipping_Bankruptcy_Crisis
What Happens When A Shipping Company Goes Bust | CNBC

What Happens When A Shipping Company Goes Bust | CNBC

  • Order:
  • Duration: 1:55
  • Updated: 16 Sep 2016
  • views: 3324
videos
Here’s the anatomy of a bankruptcy when you’re one of the world’s top ten shipping companies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC What Happens When A Shipping Company Goes Bust | CNBC
https://wn.com/What_Happens_When_A_Shipping_Company_Goes_Bust_|_Cnbc
45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

  • Order:
  • Duration: 2:15
  • Updated: 02 Sep 2016
  • views: 9277
videos
한진해운 선박 45척 운항차질… 국제 물류에 혼란 The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tons of goods being carried by the Korean company will reach shelves. Oh Jung-hee reports. Almost half of Hanjin Shipping's fleet has stopped operating,... ...as the company was put under a court-led restructuring scheme on Thursday. 45 ships are denied entry to ports,... or remain anchored,... in seven countries including China, Japan, India, and the U.S.,... as port workers refuse to offload or take aboard cargo in fear of unpaid fees. According to the Korea International Trade Association,... China seized or was to seize 10 Hanjin vessels,... while Singapore already has seized one early this week. The ships were denied passage through the Suez Canal as well. Cargo moving from Asia to the U.S. and Europe,... and vice versa,... are stranded in Asia waiting to be loaded. As such, a shockwave in the global supply chain seems inevitable,... as Hanjin Shipping represented nearly 8 percent of trans-Pacific trade volume for the U.S. The U.S. National Retail Federation, the world's largest retail trade association, urged the U.S. government to cooperate with the Korean government to prevent further disruptions in the market. The association described Hanjin's bankruptcy as having "a ripple effect throughout the global supply chain," ... and expressed concern that "there are millions of dollars' worth of merchandise that needs to be on store shelves that could be impacted by this." Korea's exports to the U.S. have been affected as well,.. as almost 46-percent of Samsung Electronics' exports,... 24-percent of LG Electronics',... and 58-percent of HP's exports were handled by Hanjin Shipping. To prevent further disruptions,... Korea's second largest shipping firm, Hyundai Merchant Maritime Company, has deployed 13 ships heading to Los Angeles and Europe. Other shipping lines are also moving to take over some of Hanjin's traffic,... but that won't stop shipping prices from rising,... as vessels are already operating at full capacity due to high seasonal demand. Oh Jung-hee, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/45_Ships_Of_Hanjin_Shipping_Denied_Entry_Or_Held_Offshore,_Causing_Turmoil_To_Global_Freight
Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

  • Order:
  • Duration: 2:13
  • Updated: 09 Sep 2016
  • views: 4210
videos
CNBC's Morgan Brennan reports the latest on the supply chain disruptions caused by the Hanjin bankruptcy. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC
https://wn.com/Cargo_Chaos_At_Sea_As_Hanjin_Files_For_Bankruptcy_|_Cnbc
Hanjin Shipping receives emergency funding from parent company

Hanjin Shipping receives emergency funding from parent company

  • Order:
  • Duration: 1:54
  • Updated: 13 Sep 2016
  • views: 998
videos
FBN's Robert Gray on the fallout from the bankruptcy of Hanjin Shipping.
https://wn.com/Hanjin_Shipping_Receives_Emergency_Funding_From_Parent_Company
Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

  • Order:
  • Duration: 0:55
  • Updated: 05 Sep 2016
  • views: 845
videos
한진해운, 미국 법원에 파산보호 신청 Korea's largest shipping company, Hanjin Shipping, has reportedly applied for bankruptcy protection in the United States. The Wall Street Journal says the application was lodged last Friday, just two days after the company applied for protection in Korean courts. The filing will prevent creditors from seizing Hanjin's U.S. assets and block them from launching further legal action, while the company undergoes restructuring in Korea. The report says the U.S. bankruptcy filing was made by Suk Tai-soo, Hanjin's inside director and foreign representative. The company currently operates over 60 regular lines world-wide, with 140 container or bulk vessels. The Wall Street Journal says Hanjin's bankruptcy will be regarded as "the largest container-shipping failure in history" dwarfing all previous carrier bankruptcies. VisitArirang NewsOfficial Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/Hanjin_Shipping_Files_For_Bankruptcy_Protection_In_U.S._Wall_Street_Journal
Biggest Bankruptcy Bets for 2017

Biggest Bankruptcy Bets for 2017

  • Order:
  • Duration: 3:37
  • Updated: 17 Oct 2016
  • views: 865
videos
The stabilization of energy prices in 2016 stemmed a potential wave of oil patch bankruptcies. That pause could end in 2017 as steep debt loads may prove too much for some suppliers, said Ted Gavin, managing partner of Gavin/Solmonese. "I think the data shows that the prolonged drop in oil prices has led companies seeking to hold on through the trough to use debt to replace what used to be income," said Gavin. "Rather than curtailing operations, companies are going deeper in debt waiting for pricing to return to a level more likely to provide for breakeven or better operations," said Gavin. "Like all businesses, increases in debt in the oil business has a short lifespan before the company faces failure - and here we are." Gavin said the shipping industry is not going to be totally undone by the Hanjin bankruptcy, which many are calling the "Lehman of the shipping world". In his view, there is no lack of capacity in shipping and all the other shippers are going to be getting a little bit healthier by Hanjin's demise. "It may result in slightly higher goods pricing, but the significance of a broader impact of Hanjin is being overblown," said Gavin. As for the retail sector, Gavin said the bankruptcies at Sports Authority, Aeropostale and Golfsmith will have a major impact on commercial real estate due to shrinking tenants of this size and scale. Moreover, he said retailers like Sears are at high risk of default due to declining mall traffic, competition from online and other types of retailers, and a lack of a compelling product line. Finally, Gavin said for-profit colleges and universities could soon be a thing of the past as federal regulators have begun zeroing in on the industry's habit of exploiting students. The last example of this is ITT Educational Services , which recently filed for bankruptcy after losing access to federally backed student loans. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
https://wn.com/Biggest_Bankruptcy_Bets_For_2017
Ship company bankruptcy could affect holiday shopping

Ship company bankruptcy could affect holiday shopping

  • Order:
  • Duration: 1:46
  • Updated: 11 Sep 2016
  • views: 995
videos
For nearly two weeks, dozens of cargo ships belonging to Hanjin Shipping have been stuck at sea after the South Korean company filed for bankruptcy. A judge's ruling has cleared the way for some of those ships to unload, but the bankruptcy could lead to problems come holiday season. Mireya Villarreal has more.
https://wn.com/Ship_Company_Bankruptcy_Could_Affect_Holiday_Shopping
Bankruptcy of cargo company could create economic ripple

Bankruptcy of cargo company could create economic ripple

  • Order:
  • Duration: 2:28
  • Updated: 08 Sep 2016
  • views: 949
videos
Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.
https://wn.com/Bankruptcy_Of_Cargo_Company_Could_Create_Economic_Ripple
Shipping Company Bankruptcy Strands Products Worldwide

Shipping Company Bankruptcy Strands Products Worldwide

  • Order:
  • Duration: 1:02
  • Updated: 07 Sep 2016
  • views: 147
videos
Shipping company Hanjin has filed for bankruptcy, leaving hundreds of millions of dollars worth of products stranded at sea
https://wn.com/Shipping_Company_Bankruptcy_Strands_Products_Worldwide
Hanjin Assets, Maersk, Carrier Collapse, China's U.S. Export Ban - Universal Shipping News

Hanjin Assets, Maersk, Carrier Collapse, China's U.S. Export Ban - Universal Shipping News

  • Order:
  • Duration: 2:54
  • Updated: 14 Oct 2016
  • views: 379
videos
MORE ON HANJIN'S ASSETS FOR SALE - http://www.universalcargo.com/hanjin-asia-u-s-assets-for-sale-what-it-means/ MORE ON HIGH RISK OF MORE CARRIER COLLAPSES -http://www.universalcargo.com/theres-high-risk-of-more-carrier-collapses-says-drewry/ MORE ON CHINA LIFTING BAN ON U.S. BEEF EXPORTS - http://www.universalcargo.com/china-about-to-have-beef-with-u-s-exports-thats-a-good-thing/ MORE ON MAERSK SPLITTING & GOING AFTER OTHER CARRIERS - http://www.universalcargo.com/divide-conquer-maersk-splits-to-go-after-competition/ TRANSCRIPT: Hello and welcome to Universal Shipping News, where we ask, “What the freight is going on with international shipping?” I’m Jared Vineyard Anyone want to buy Hanjin Shipping? No? No. Yeah, no one wants to buy Hanjin Shipping, but the bankrupt carrier’s stock did just go up after the announcement was made that its Asia to U.S. assets are being put up for sale. Last time I talked about Maersk, the biggest shipping line in international shipping by capacity, splitting into two divisions. ~Maersk, the biggest shipping line in international shipping by capacity is splitting into two divisions~ See? Many think with one division focused on international shipping and acquiring struggling carriers, this will mean Maersk will swoop in to buy Hanjin’s assets, but not likely. Not even Maersk wants to buy Hanjin. Maersk is more likely to leave Hanjin’s assets alone and go after acquiring carriers that haven’t gone bankrupt yet to shrink the competition pool. Or competition ocean? There are plenty of struggling carriers for Maersk to go after. According to Drewry Maritime Research’s, um, research it looks like almost all carriers in the international shipping industry have been in financial stress for years and the risk of more major carrier collapses, like Hanjin’s, is high. And between you and me… and Drewry, and anyone around the world who’s read Drewry’s public articles about their research, Maersk isn’t exactly the perfect picture of financial health either. In other international shipping news, China has a beef with U.S. exports. Well, China has no beef with U.S. exports. China’s beef with U.S. exports is that it has no beef with U.S. exports, but it’s about to have beef… start over. Hello and welcome to, no not that far back. China is about to lift a ban on importing U.S. beef. This is huge news for U.S. agricultural exports! So, moo. All right, for more on these stories and all your international shipping needs, check out UniversalCargo.com. Please like, subscribe, and… Until next time, stay in shipshape!
https://wn.com/Hanjin_Assets,_Maersk,_Carrier_Collapse,_China's_U.S._Export_Ban_Universal_Shipping_News
Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

  • Order:
  • Duration: 3:23
  • Updated: 10 Sep 2016
  • views: 36162
videos
http://undergroundworldnews.com The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, continued with little resolution with as much as $14 billion worth of cargo stranded at sea according to the WSJ, sending cargo owners scurrying to try to recover their goods and get them to customers. Since Hanjin's bankruptcy protection filing, dozens of ships carrying more than half a million cargo containers have been denied access to ports around the world because of uncertainty about who would pay docking fees, container-storage and unloading bills. Some of those ships have been seized by the company’s creditors. As Bloomberg adds, 85 Hanjin ships that have been effectively marooned offshore as ports in the U.S., Asia and Europe have turned the company’s ships away. The worry is that Hanjin ships won’t be able to pay port fees or their contents might be seized by creditors, which would disrupt port operations. The global shipping disruption comes just as companies are shipping merchandise to fill shelves and warehouses for the end-of-year holiday season. Learn More: http://www.zerohedge.com/news/2016-09-08/its-bordering-chaos-14-billion-cargo-stranded-sea-crews-go-crazy-hanjin-ghost-ships https://www.essentialdrugstore.com/ Rebelutionary Z: https://www.youtube.com/channel/UCdA8dXTjvomPtdOmFhq5hsw https://twitter.com/Rebelutionary_Z B Rich: https://twitter.com/Brian_T33NO https://www.youtube.com/c/BRichOfficial Erick M: https://twitter.com/letmeexplainit https://www.youtube.com/channel/UCcwB6XtfJtyWW4DXKoZVn5A ToBeFree: https://twitter.com/da52true https://www.youtube.com/channel/UCvdTd5-p_sBE8oTjUOqPpPg EnterThe5t4rz: https://twitter.com/Enterthe5t4rz https://www.youtube.com/user/Enterthe5t4rz Save On Official DAHBOO7 Gear with Code "5off" http://dahboo7.deco-street.com http://foodforliberty.com/dahboo7/ You can also cut cable bills forever and save $75 with code "tigerstream75" https://tigerstream.tv/go/tigerstream7/
https://wn.com/Bordering_Chaos_14_Billion_In_Cargo_Stranded_At_Sea,_Crews_Go_Crazy_On_Hanjin_Ghost_Ships
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