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

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

    published: 07 Sep 2016
  • Hanjin Shipping declared bankrupt

    법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping officially declared bankruptcy.... folding under the weight of billions of dollars of debt despite government support. According to our Kim Min-ji, the downfall of the company that was the biggest name in nation's shipping sector,... 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 ...

    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
  • 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
  • 10 Famous Companies that Went Bankrupt

    Rplore Website: http://www.rplore.com ----------------------------------------­----------------------------------------­--------- Subscribe for more Awesome videos https://www.youtube.com/c/rploremedia?sub_confirmation=1 ----------------------------------------­----------------------------------------­--------- Previous videos Unforgettable Moments Caught on Live TV https://www.youtube.com/watch?v=qWyb32nBxVo 10 Photos That Prove You Have A Dirty Mind https://www.youtube.com/watch?v=TUZBli8a0l0 - Our Social Media: Facebook: https://www.facebook.com/Rplore Twitter: https://twitter.com/RploreMedia Top 10 Famous Companies that Went Bankrupt Reader’s Digest Association The Reader’s Digest magazine was first distributed in 1922, and it’s probably one of the most popular print publications i...

    published: 12 Aug 2017
  • Rough seas for global shipping | The Economist

    When the shipping firm Hanjin went bust in September, $14bn worth of goods were stranded at sea. Discover how the shipping industry has faced strong headwinds since the financial crisis of 2008. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 The global shipping industry has been weathering rough seas for years. It is responsible for 90% of the world's traded goods but a price war over freight rates has hit the industry hard. The industry has suffered from an over supply of ships and stuttering commodity prices, sending a container from Shanghai to Europe costs half what it did two years ago. In late 2016, one of the world's biggest shipping companies, Hanjin, went bust. 66 ships loaded with $14.5 billion of goods, were left stranded at sea. One of t...

    published: 05 Dec 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
  • 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
  • Brazilian tycoon's oil firm files for bankruptcy

    Eike Batista was one of the world's richest men with a multi-billion dollar empire that included oil, mining, power and shipping, but his oil firm just filed for bankruptcy protection. Anthony Mason reports.

    published: 01 Nov 2013
  • Top 10 Biggest Companies Filed For Bankruptcy

    #2016 Thank for watching and If you're new, please Subscribe! → https://goo.gl/1nLZoR ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▼ Follow me on ▼ Facebook ► https://goo.gl/NtTQfx Website ► http://timepassss.com Twitter ► https://twitter.com/Timepazz1 Instagram ► https://www.instagram.com/amman_1998 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Other Top 10 Videos: Top 5 Best Youtubers Life Simulator Games https://youtu.be/2E33szf7-xw Top 10 Toys That Can Kill You https://youtu.be/TD46HvFjwiw ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ So Good bye stay cool and be at the top ░░░░░░░░░░░░░░░░░░░░░░█████████ ░░███████░░░░░░░░░░███▒▒▒▒▒▒▒▒███ ░░█▒▒▒▒▒▒█░░░░░░░███▒▒▒▒▒▒▒▒▒▒▒▒▒███ ░░░█▒▒▒▒▒▒█░░░░██▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░░░░█▒▒▒▒▒█░░░██▒▒▒▒▒██▒▒▒▒▒▒██▒▒▒▒▒███ ░░░░░█▒▒▒█░░░█▒▒▒▒▒▒████▒▒▒▒████▒▒▒▒▒▒██ ░░░█████████████▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░░░█▒▒▒▒▒▒▒...

    published: 07 Dec 2015
  • Hanjin shipping company goes under

    Hundreds of workers from the South Korean shipping company Hanjin are stuck on vessels around the world. The multi-billion-dollar company collapsed last month, so its ships loaded with cargo were either seized in docks or stuck at sea. One ship has been impounded in Sydney, Australia, where Al Jazeera’s Andrew Thomas has been trying to speak to those on board. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/

    published: 22 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
  • What Maersk Says About Ocean Freight Carrier Competition - Universal Shipping News

    READ MORE: http://www.universalcargo.com/maersk-expects-carrier-competition-to-shrink-to-3-global-companies/ TRANSCRIPT: Hello and welcome to Universal Shipping News, where we ask, “What the freight is going on with international shipping?” I’m Jared Vineyard What the freight’s going on with international shipping? Shrinking carrier competition. We’ve been seeing it the last few years with carrier alliances, mergers, buyouts, bankruptcy… The competition pool in ocean shipping is getting smaller and smaller. But according to Maersk, the world’s largest carrier by capacity and the undeniable leader when it comes to international shipping, you ain’t seen nothing yet. While he couldn’t put a timeframe on it, Maersk’s COO Soren Toft said they expect, and I quote, “that you will see maybe...

    published: 23 Oct 2017
  • U.S. court approves temporary bankruptcy protection for Hanjin Shipping

    美 법원, 한진해운 파산보호 신청 임시 승인 A court in the United States has granted temporary bankruptcy protection for Korea's Hanjin Shipping. The order, issued by the U.S. Bankruptcy Court in Newark, New Jersey,... comes four days after the shipping giant filed the application. The move will prevent U.S. creditors from taking legal action against Hanjin's ships and other assets, while the company undergoes restructuring in Korea. Hanjin's representatives will have to return to court on Friday to discuss unresolved logistical issues with company stakeholders. Hundreds of retailers are still awaiting shipments for the upcoming holiday season. On Tuesday, Hanjin Group announced plans to inject over 91 million U.S. dollars into its cash-strapped shipping arm. Korea's trade-ministry also launched a special ...

    published: 07 Sep 2016
  • Top 10 Stories of 2016 - Universal Shipping News

    MORE: http://www.universalcargo.com/top-10-international-shipping-stories-of-2016/ TRANSCRIPT: Welcome to Universal Shipping News. I'm Jared Vineyard. 2016 is over, but some of the things that happened will have a lasting effect. Let's look back on the year by counting down the top 10 international shipping news stories of the year. #10 – RECORD LOW FREIGHT RATES Bad news for carriers, but great news for shippers. Or was it? #9 – CHINA LIFTING BAN ON U.S. BEEF IMPORTS China no longer having a beef with U.S. beef is huge news for agricultural exporters. #8 – MOL, NYK, AND K LINE PLAN MERGER This is something like Japan’s shipping industry’s version of the Holy Trinity. #7 – EL FARO’S BLACK BOX FOUND The finding of the El Faro’s black box is a chance at unraveling just what happened in ...

    published: 04 Jan 2017
  • 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
  • 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
  • Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

    http://end-time.news/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bankruptcy-assets-f/ After years of relentless decline in the Baltic Dry index... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels. For those unfamiliar with the company, here is a brief overview from its website: Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo ann...

    published: 01 Sep 2016
  • Bankruptcy Auction! Major Retail Shipping Company Fleet

    Auction Ends 7/28/2016 starting at 4PM EST. See Terms & Conditions. Bankruptcy Auction! Major Retail Shipping Company Fleet consisting of over 100 Sleepers, Day Cabs, Trailers, Straight Trucks, Vans and more. Late models from Freightliner, Peterbilt, Volvo, Hino, Isuzu, Ford, Vanguard, Great Dane, Wabash. Also other related logistics equipment. In Re: United States Bankruptcy Court for the District of New Jersey Chapter 11 Case Nos. 16-10615 and 16-10616 EZ Mailing Services, Inc. and United Business Freight Forwarders Limited Liability Company. Offer Subject to Change Without Notice. Subject to Bankruptcy Court Approval.

    published: 08 Jul 2016
  • Hanjin shipments in troubled waters after company’s collapse

    The collapse of the world's seventh largest container carrier, Hanjin, sent shockwaves across global supply chains. The troubled South Korean shipping company, however, has been granted temporary bankruptcy protection from creditors by a US judge. But international port authorities are refusing to unload many of its ships, fearing they will be stuck with the bill. Al Jazeera’s Kimberly Halkett reports from Baltimore. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/

    published: 08 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
  • James Baker on Hanjin Shipping's collapse

    James Baker, Containers Editor at Lloyd's List, speaks to BBC news about the collapse of Hanjin Shipping and the ongoing effect it is having on the container shipping industry. Credit: BBC News

    published: 12 Sep 2016
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Hanjin Shipping bankruptcy sends shockwaves across global supply chains
2:34

Hanjin Shipping bankruptcy sends shockwaves across global supply chains

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  • Duration: 2:34
  • Updated: 07 Sep 2016
  • views: 10529
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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
Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC
2:13

Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

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  • Duration: 2:13
  • Updated: 09 Sep 2016
  • views: 4733
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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
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
41:14

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

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  • Duration: 41:14
  • Updated: 07 Sep 2016
  • views: 7355
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Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
https://wn.com/Panic_Now_Global_Shipping_Chaos_Ghost_Ships_Hanjin_Bankruptcy
Hanjin Shipping declared bankrupt
2:50

Hanjin Shipping declared bankrupt

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  • Duration: 2:50
  • Updated: 17 Feb 2017
  • views: 683
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법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping officially declared bankruptcy.... folding under the weight of billions of dollars of debt despite government support. According to our Kim Min-ji, the downfall of the company that was the biggest name in nation's shipping sector,... 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
2:05

Bankruptcy Of Major Shipping Company Causes Cargo Crisis

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  • Duration: 2:05
  • Updated: 05 Sep 2016
  • views: 1579
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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
Global Shipping Bankruptcy Crisis
4:22

Global Shipping Bankruptcy Crisis

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  • Duration: 4:22
  • Updated: 01 Sep 2016
  • views: 1068
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
10 Famous Companies that Went Bankrupt
4:38

10 Famous Companies that Went Bankrupt

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  • Duration: 4:38
  • Updated: 12 Aug 2017
  • views: 1459
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Rplore Website: http://www.rplore.com ----------------------------------------­----------------------------------------­--------- Subscribe for more Awesome videos https://www.youtube.com/c/rploremedia?sub_confirmation=1 ----------------------------------------­----------------------------------------­--------- Previous videos Unforgettable Moments Caught on Live TV https://www.youtube.com/watch?v=qWyb32nBxVo 10 Photos That Prove You Have A Dirty Mind https://www.youtube.com/watch?v=TUZBli8a0l0 - Our Social Media: Facebook: https://www.facebook.com/Rplore Twitter: https://twitter.com/RploreMedia Top 10 Famous Companies that Went Bankrupt Reader’s Digest Association The Reader’s Digest magazine was first distributed in 1922, and it’s probably one of the most popular print publications in the world. With the popularity of digital reading materials, print publication is a dying form of media. While there are still a lot of people who prefer print media, the company had to file for bankruptcy last 2009. Kodak Before Canon and Nikon had the majority of consumer shares worldwide, it was Kodak who dominated the photography market. With the company’s inability to change, opting out from the transition of film to digital photography, they eventually declared bankruptcy in 2012, selling many of their patents in the process. The company soon tried to bounce back a year later, but it’s definitely going to take a long time for Kodak to reclaim its status. Marvel Entertainment Marvel Entertainment has always been considered as one of the best comic book companies in the world. With the huge box-office hits from the company’s cinematic universe, it’s surprising to hear that Marvel had to declare bankruptcy and look for other financial options a few years ago. The merging of two companies, Marvel Entertainment and Toy Biz, helped a lot in stabilizing Marvel’s comic’s line. Radio Shack Radio Shack’s filing for bankruptcy a few months ago wasn’t a first – a couple of years ago, the company also filed for bankruptcy. While the company still managed to operate more than 4000 stores in the US, the popularity of online services over physical stores really hurt the company’s sales. Pan Am Pan American International Airline started out in 1927, delivering mail and passengers in many parts of the world. The company started to have debt issues when the energy crisis broke out in the 70’s, then, the company decided to file for bankruptcy a few years after the hijacking of one of the company’s airplanes. General Motors General Motors was still considered as one of the leading car manufacturers in the world back in the early 2000’s. Because of declining car sales, increasing debt, and poor economy, the company had to declare bankruptcy in 2009. With operations in more than 157 countries, and more than 200,000 employees, General Motors received a hefty amount of government aid that made it possible for the company to bounce back from its financial woes. Polaroid Polaroid and Kodak had a lot of things in common – this includes their loyalty to film photography. When digital photography took the stage in photography market, Polaroid – like Kodak, went bankrupt last 2008. The company now sells a plethora of digital products, like tablets, digital cameras, and LCD TVs. Enron Enron started out as an energy supplier and commodity trader back in 1985 – after merging Houston Natural Gas and InterNorth. A few years later, the company then, provided a few more services to the public, such as water management and broadband services. While the company looked good on paper, Enron was actually losing a lot of money. The company declared for bankruptcy a year after the Enron scandal broke out. WorldCom Long Distance Service started out in 1983, and was renamed as WorldCom in 1995 after a series of huge mergers transformed the company. When the executives of the company decided to commit the biggest corporate fraud in U.S. history, a few people were sent to prison – including CEO Bernard Ebbers, and the company was bought out by Verizon. Lehman Brothers When it comes to bankruptcy, this is definitely one of the biggest of all time, with assets amounting to $691 billion. While the company appeared to look more stable than it was, Lehman Brothers was in huge trouble – with more than $700 billion debt. The company’s filing for bankruptcy last 2008 became the largest bankruptcy in U.S. history. Rplore Rplore is new emerging channel on youtube. We produce different types of videos like Top 10, shocking, amazing facts, mysterious, funny and many more videos on different subjects.
https://wn.com/10_Famous_Companies_That_Went_Bankrupt
Rough seas for global shipping | The Economist
1:23

Rough seas for global shipping | The Economist

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  • Duration: 1:23
  • Updated: 05 Dec 2016
  • views: 7500
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When the shipping firm Hanjin went bust in September, $14bn worth of goods were stranded at sea. Discover how the shipping industry has faced strong headwinds since the financial crisis of 2008. Click here to subscribe to The Economist on YouTube: http://econ.trib.al/rWl91R7 The global shipping industry has been weathering rough seas for years. It is responsible for 90% of the world's traded goods but a price war over freight rates has hit the industry hard. The industry has suffered from an over supply of ships and stuttering commodity prices, sending a container from Shanghai to Europe costs half what it did two years ago. In late 2016, one of the world's biggest shipping companies, Hanjin, went bust. 66 ships loaded with $14.5 billion of goods, were left stranded at sea. One of the biggest costs is from hauling empty containers. In a bid to stay afloat shippers have begun to pool resources. In 2015 Maersk and MSC launched 2M, a partnership to share space on their vessels. Others might consider following suit. Of the 12 biggest companies that have published results for the last quarter, 11 announced huge losses. Daily Watch: mind-stretching short films every day of the working week. For more from Economist Films visit: http://films.economist.com/ Check out The Economist’s full video catalogue: http://econ.st/20IehQk Like The Economist on Facebook: https://www.facebook.com/TheEconomist/ Follow The Economist on Twitter: https://twitter.com/theeconomist Follow us on Instagram: https://www.instagram.com/theeconomist/ Follow us on LINE: http://econ.st/1WXkOo6 Follow us on Medium: https://medium.com/@the_economist
https://wn.com/Rough_Seas_For_Global_Shipping_|_The_Economist
Ship company bankruptcy could affect holiday shopping
1:46

Ship company bankruptcy could affect holiday shopping

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  • Duration: 1:46
  • Updated: 11 Sep 2016
  • views: 1036
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
Biggest Bankruptcy Bets for 2017
3:37

Biggest Bankruptcy Bets for 2017

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  • Duration: 3:37
  • Updated: 17 Oct 2016
  • views: 1121
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
Brazilian tycoon's oil firm files for bankruptcy
4:44

Brazilian tycoon's oil firm files for bankruptcy

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  • Duration: 4:44
  • Updated: 01 Nov 2013
  • views: 2912
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Eike Batista was one of the world's richest men with a multi-billion dollar empire that included oil, mining, power and shipping, but his oil firm just filed for bankruptcy protection. Anthony Mason reports.
https://wn.com/Brazilian_Tycoon's_Oil_Firm_Files_For_Bankruptcy
Top 10 Biggest Companies Filed For Bankruptcy
5:34

Top 10 Biggest Companies Filed For Bankruptcy

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  • Duration: 5:34
  • Updated: 07 Dec 2015
  • views: 7338
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#2016 Thank for watching and If you're new, please Subscribe! → https://goo.gl/1nLZoR ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▼ Follow me on ▼ Facebook ► https://goo.gl/NtTQfx Website ► http://timepassss.com Twitter ► https://twitter.com/Timepazz1 Instagram ► https://www.instagram.com/amman_1998 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Other Top 10 Videos: Top 5 Best Youtubers Life Simulator Games https://youtu.be/2E33szf7-xw Top 10 Toys That Can Kill You https://youtu.be/TD46HvFjwiw ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ So Good bye stay cool and be at the top ░░░░░░░░░░░░░░░░░░░░░░█████████ ░░███████░░░░░░░░░░███▒▒▒▒▒▒▒▒███ ░░█▒▒▒▒▒▒█░░░░░░░███▒▒▒▒▒▒▒▒▒▒▒▒▒███ ░░░█▒▒▒▒▒▒█░░░░██▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░░░░█▒▒▒▒▒█░░░██▒▒▒▒▒██▒▒▒▒▒▒██▒▒▒▒▒███ ░░░░░█▒▒▒█░░░█▒▒▒▒▒▒████▒▒▒▒████▒▒▒▒▒▒██ ░░░█████████████▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░░░█▒▒▒▒▒▒▒▒▒▒▒▒█▒▒▒▒▒▒▒▒▒█▒▒▒▒▒▒▒▒▒▒▒██ ░██▒▒▒▒▒▒▒▒▒▒▒▒▒█▒▒▒██▒▒▒▒▒▒▒▒▒▒██▒▒▒▒██ ██▒▒▒███████████▒▒▒▒▒██▒▒▒▒▒▒▒▒██▒▒▒▒▒██ █▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒█▒▒▒▒▒▒████████▒▒▒▒▒▒▒██ ██▒▒▒▒▒▒▒▒▒▒▒▒▒▒█▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░█▒▒▒███████████▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒██ ░██▒▒▒▒▒▒▒▒▒▒████▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒█ ░░████████████░░░█████████████████
https://wn.com/Top_10_Biggest_Companies_Filed_For_Bankruptcy
Hanjin shipping company goes under
1:59

Hanjin shipping company goes under

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  • Duration: 1:59
  • Updated: 22 Sep 2016
  • views: 9180
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Hundreds of workers from the South Korean shipping company Hanjin are stuck on vessels around the world. The multi-billion-dollar company collapsed last month, so its ships loaded with cargo were either seized in docks or stuck at sea. One ship has been impounded in Sydney, Australia, where Al Jazeera’s Andrew Thomas has been trying to speak to those on board. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
https://wn.com/Hanjin_Shipping_Company_Goes_Under
Bankruptcy of cargo company could create economic ripple
2:28

Bankruptcy of cargo company could create economic ripple

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  • Duration: 2:28
  • Updated: 08 Sep 2016
  • views: 1032
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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
What Maersk Says About Ocean Freight Carrier Competition - Universal Shipping News
1:52

What Maersk Says About Ocean Freight Carrier Competition - Universal Shipping News

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  • Duration: 1:52
  • Updated: 23 Oct 2017
  • views: 107
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READ MORE: http://www.universalcargo.com/maersk-expects-carrier-competition-to-shrink-to-3-global-companies/ TRANSCRIPT: Hello and welcome to Universal Shipping News, where we ask, “What the freight is going on with international shipping?” I’m Jared Vineyard What the freight’s going on with international shipping? Shrinking carrier competition. We’ve been seeing it the last few years with carrier alliances, mergers, buyouts, bankruptcy… The competition pool in ocean shipping is getting smaller and smaller. But according to Maersk, the world’s largest carrier by capacity and the undeniable leader when it comes to international shipping, you ain’t seen nothing yet. While he couldn’t put a timeframe on it, Maersk’s COO Soren Toft said they expect, and I quote, “that you will see maybe a handful of shipping companies, a little bit similar to what you see in the courier express and parcel industry, where there’re really, you know, three global companies.” Maersk let it be known a little over a year ago that its new strategy is to acquire competing carriers in order to grow without ordering and adding new ships to an industry already plagued by overcapacity. If Maersk is right in its expectation, this will mean many major international shipping lines getting acquired, merging, or going bankrupt. And it’s hard to imagine shippers enjoying freight rates nearly as low as they’ve seen in recent years if there are only three companies controlling ocean freight shipping. For more details on this story, and all your international shipping needs, go to UniversalCargo.com If you liked this video, please give it that thumbs up like, share, subscribe, and… Until next time, stay in shipshape!
https://wn.com/What_Maersk_Says_About_Ocean_Freight_Carrier_Competition_Universal_Shipping_News
U.S. court approves temporary bankruptcy protection for Hanjin Shipping
0:52

U.S. court approves temporary bankruptcy protection for Hanjin Shipping

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  • Duration: 0:52
  • Updated: 07 Sep 2016
  • views: 663
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美 법원, 한진해운 파산보호 신청 임시 승인 A court in the United States has granted temporary bankruptcy protection for Korea's Hanjin Shipping. The order, issued by the U.S. Bankruptcy Court in Newark, New Jersey,... comes four days after the shipping giant filed the application. The move will prevent U.S. creditors from taking legal action against Hanjin's ships and other assets, while the company undergoes restructuring in Korea. Hanjin's representatives will have to return to court on Friday to discuss unresolved logistical issues with company stakeholders. Hundreds of retailers are still awaiting shipments for the upcoming holiday season. On Tuesday, Hanjin Group announced plans to inject over 91 million U.S. dollars into its cash-strapped shipping arm. Korea's trade-ministry also launched a special task force to resolve possible knock-on effects on the broader economy. 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/U.S._Court_Approves_Temporary_Bankruptcy_Protection_For_Hanjin_Shipping
Top 10 Stories of 2016 - Universal Shipping News
3:01

Top 10 Stories of 2016 - Universal Shipping News

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  • Duration: 3:01
  • Updated: 04 Jan 2017
  • views: 504
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MORE: http://www.universalcargo.com/top-10-international-shipping-stories-of-2016/ TRANSCRIPT: Welcome to Universal Shipping News. I'm Jared Vineyard. 2016 is over, but some of the things that happened will have a lasting effect. Let's look back on the year by counting down the top 10 international shipping news stories of the year. #10 – RECORD LOW FREIGHT RATES Bad news for carriers, but great news for shippers. Or was it? #9 – CHINA LIFTING BAN ON U.S. BEEF IMPORTS China no longer having a beef with U.S. beef is huge news for agricultural exporters. #8 – MOL, NYK, AND K LINE PLAN MERGER This is something like Japan’s shipping industry’s version of the Holy Trinity. #7 – EL FARO’S BLACK BOX FOUND The finding of the El Faro’s black box is a chance at unraveling just what happened in the greatest international shipping tragedy involving a U.S. ship in decades. #6 – NEW VERIFIED GROSS MASS RULE Panic and controversy spread as the new VGM rule was about to go into effect. But was it mainly much ado about nothing? #5 – CHINA COSCO SHIPPING FORMED China’s two big shipping companies merged to form a shipping leviathan that would shake up carrier alliances. #4 – PANAMA CANAL EXPANSION COMPLETED Finally. Finally, finally, finally, the Panama Canal expansion was completed 2016. #3 – 3 CARRIER ALLIANCES TO RULE SHIPPING Carriers have organized into three big alliances set to rule international shipping. #2 – MAERSK GOES AFTER COMPETITION Maersk split into two divisions with the shipping division looking to acquire competing shipping companies. #1 – HANJIN BANKRUPTCY Could there possibly be a bigger international shipping story in 2016 than a major carrier suddenly, and not so suddenly really, going bankrupt? That’s the list. Read about all these stories on UniversalCargo.com. What do you think? Did we miss any, get the order wrong? Let us know in the comments. Subscribe and share while you’re at it. And as always, stay in ship shape.
https://wn.com/Top_10_Stories_Of_2016_Universal_Shipping_News
45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight
2:15

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

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  • Duration: 2:15
  • Updated: 02 Sep 2016
  • views: 9668
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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
Shipping Company Bankruptcy Strands Products Worldwide
1:02

Shipping Company Bankruptcy Strands Products Worldwide

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  • Duration: 1:02
  • Updated: 07 Sep 2016
  • views: 158
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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
Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen
5:19

Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

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  • Duration: 5:19
  • Updated: 01 Sep 2016
  • views: 2531
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http://end-time.news/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bankruptcy-assets-f/ After years of relentless decline in the Baltic Dry index... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels. For those unfamiliar with the company, here is a brief overview from its website: Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 150 container ships and bulk carriers. With 4 regional headquarters in the U.S., Europe, Asia and South East & West Asia, approximately 5,000 global staffs as well as container terminals in world’s major ports contribute to Hanjin Shipping’s world-class logistics network around the world. As Reuters reports, banks led by state-run Korea Development Bank withdrew backing for the world's seventh-largest container carrier on Tuesday, saying a funding plan by its parent group was inadequate to tackle debt that stood at 5.6 trillion won ($5 billion) at the end of 2015. South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze its assets, which the Seoul Central District Court planned to grant, a judge told Reuters. As part of the company's insolvency process, the court will now decide whether Hanjin Shipping should remain as a going concern or be dissolved, a process that usually takes one or two months but is expected to be accelerated in Hanjin's case, the judge said. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according to consultancy Alphaliner, exceeding the 1986 collapse of United States Lines. http://www.zerohedge.com/news/2016-08-31/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bank THE MOST IMPORTANT ENDTIME NEWS HEADLINES FROM AROUND THE WORLD. CRITICAL NEWS YOU NEED TO KNOW THAT THE MAINSTREAM MEDIA HIDES, DISTORTS OR IGNORES. PLEASE SUBSCRIBE TO OUR NEWSLETTER BY EMAIL (BYPASS CENSORS) FOR OUR DAILY UPDATE @ https://goo.gl/KrmD7o - LIKE WHAT WE DO? APPRECIATE OUR WORK? WANT TO GIVE BACK? HERE ARE 7 WAYS YOU CAN HELP US REACH MORE PEOPLE - http://end-time.news/help - PLEASE LIKE SHARE & COMMENT & HELP US SPREAD THE WORD. THANK YOU. *** LIKE US ON FB: http://fb.com/endtimenewz *** SUBSCRIBE TO NEWSLETTER: https://fb.com/endtimenewz/app/100265896690345/ *** VISIT OUR WEBSITE @ http://end-time.news *** SUBSCRIBE TO US ON YOUTUBE: https://goo.gl/bSCuvL *** FOLLOW US ON TWITTER: https://twitter.com/end_time_news end time signs, end times 2016, end times news, end time news, end time update, end time update today, end times update, end times news update, end time news, end time news 2016, end time news updates today, end time news today, end time bible prophecy news today, christian end time news, latest endtime news, end of time news, end time prophecy news, end time world news, endtime news, endtime news update today, endtime news update this week, endtime news headlines, endtime news update, endtimes news update, end times news, end times news update today, end times news 2016, end times news headline, end times news and bible prophecy, end times news report, end times news update, end times breaking news, end times news channel, latest end times news, end of times news, end times prophecy news, prophetic signs end times news, end times in the news, end times news update 2016, end times world news, end times update, end times update 2016, end times update today, end of times update, end times prophecy update, end time update, end time update 2016, end time update today, end time prophecy updates, end time prophecy update, endtime prophecy update, endtime headline news, end times headlines, end times headline news, end time headlines
https://wn.com/Global_Supply_Chains_Paralyzed_After_World's_7Th_Largest_Shipper_Files_Bankruptcy_Assets_Frozen
Bankruptcy Auction! Major Retail Shipping Company Fleet
0:23

Bankruptcy Auction! Major Retail Shipping Company Fleet

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  • Duration: 0:23
  • Updated: 08 Jul 2016
  • views: 10901
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Auction Ends 7/28/2016 starting at 4PM EST. See Terms & Conditions. Bankruptcy Auction! Major Retail Shipping Company Fleet consisting of over 100 Sleepers, Day Cabs, Trailers, Straight Trucks, Vans and more. Late models from Freightliner, Peterbilt, Volvo, Hino, Isuzu, Ford, Vanguard, Great Dane, Wabash. Also other related logistics equipment. In Re: United States Bankruptcy Court for the District of New Jersey Chapter 11 Case Nos. 16-10615 and 16-10616 EZ Mailing Services, Inc. and United Business Freight Forwarders Limited Liability Company. Offer Subject to Change Without Notice. Subject to Bankruptcy Court Approval.
https://wn.com/Bankruptcy_Auction_Major_Retail_Shipping_Company_Fleet
Hanjin shipments in troubled waters after company’s collapse
2:09

Hanjin shipments in troubled waters after company’s collapse

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  • Duration: 2:09
  • Updated: 08 Sep 2016
  • views: 3870
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The collapse of the world's seventh largest container carrier, Hanjin, sent shockwaves across global supply chains. The troubled South Korean shipping company, however, has been granted temporary bankruptcy protection from creditors by a US judge. But international port authorities are refusing to unload many of its ships, fearing they will be stuck with the bill. Al Jazeera’s Kimberly Halkett reports from Baltimore. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
https://wn.com/Hanjin_Shipments_In_Troubled_Waters_After_Company’S_Collapse
Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal
0:55

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

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  • Duration: 0:55
  • Updated: 05 Sep 2016
  • views: 855
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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
James Baker on Hanjin Shipping's collapse
3:55

James Baker on Hanjin Shipping's collapse

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  • Duration: 3:55
  • Updated: 12 Sep 2016
  • views: 1436
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James Baker, Containers Editor at Lloyd's List, speaks to BBC news about the collapse of Hanjin Shipping and the ongoing effect it is having on the container shipping industry. Credit: BBC News
https://wn.com/James_Baker_On_Hanjin_Shipping's_Collapse
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