- published: 07 Sep 2016
- views: 9656
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The bankruptcy of shipping company Hanjin is causing major problems here in Southern California. Cristy Fajardo reports.
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 ...
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
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.
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 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
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
Do you remember listening to the shipping forecast on the radio? It was like a foreign language. Today, the language of the global shipping industry is crystal clear – things are grim with a capital G… As you commute to work in the train or the car you probably don’t give much thought to shipping containers. Those big rectangular boxes that you see stacked up in ports and on the deck of massive cargo ships have an important story to tell. They’re the modern day Silk Road. The main means by which global trade and commerce gets delivered. And the story they are telling us today is not pretty. Almost everyone that you’ll hear spouting off about the state of the world’s economy has some sort of agenda. Usually that involves talking up a situation to make you believe that everything’s hunky do...
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...
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Shipping company Hanjin has filed for bankruptcy, leaving hundreds of millions of dollars worth of products stranded at sea
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...
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.
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/
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...
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 ...
The global credit crisis has taken down some of the nation's largest banks and lenders in the past two years. From Lehman Brothers and Washington Mutual climbed to the top of a list. Here are the largest companies that went bankrupt in the past 10 years. Twitter https://twitter.com/INSFLX
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/