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

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

    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
  • 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
  • Rough seas for global shipping

    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

    published: 05 Dec 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
  • 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
  • Shipping in Crisis!

    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...

    published: 02 Mar 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 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
  • [Preview] Learn how to file Hanjin Shipping Claims in Korean Bankruptcy Court

    To watch a full video: http://webinar.jjkim.com/video/eng-learn-how-to-file-hanjin-shipping-claims-in/3043

    published: 28 Oct 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 25 Fortune 500 Companies Who Declared Bankruptcy [2016]

    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

    published: 06 Sep 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
  • 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
  • Kodak snaps out of bankruptcy

    Photography firm Kodak may be snap happy once again as it is no longer officially bankrupt. A judge has approved a restructuring plan to help finance its $7bn debt. Al Jazeera's John Terrett reports from New York.

    published: 21 Aug 2013
  • Tanger Outlets CEO not worried about Hanjin bankruptcy

    Steve Tanger, Tanger Outlets CEO, discusses Hanjin Shipping ships stranded at sea and how it could impact holiday shopping.

    published: 14 Sep 2016
developed with YouTube
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: 9656
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
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: 1542
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
Hanjin Shipping declared bankrupt

Hanjin Shipping declared bankrupt

  • Order:
  • Duration: 2:50
  • Updated: 17 Feb 2017
  • views: 466
videos
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
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: 7224
videos
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
https://wn.com/Panic_Now_Global_Shipping_Chaos_Ghost_Ships_Hanjin_Bankruptcy
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: 4476
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
Global Shipping Bankruptcy Crisis

Global Shipping Bankruptcy Crisis

  • Order:
  • Duration: 4:22
  • Updated: 01 Sep 2016
  • views: 1047
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
Rough seas for global shipping

Rough seas for global shipping

  • Order:
  • Duration: 1:23
  • Updated: 05 Dec 2016
  • views: 7260
videos
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
https://wn.com/Rough_Seas_For_Global_Shipping
Brazilian tycoon's oil firm files for bankruptcy

Brazilian tycoon's oil firm files for bankruptcy

  • Order:
  • Duration: 4:44
  • Updated: 01 Nov 2013
  • views: 2484
videos
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
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: 3730
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
Shipping in Crisis!

Shipping in Crisis!

  • Order:
  • Duration: 4:36
  • Updated: 02 Mar 2016
  • views: 2864
videos
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 dory and under control. But there are some raw statistics that we can use to cut through all the hot air and get to some facts that tell us the real story. One such is shipping rates. What people are paying to hire container ships to deliver their goods around the world. Before the financial crisis oil tankers were fetching a hundred thousand dollars a day. Now, they regard ten thousand collars as a good pay day. There are specialist brokers in places like Singapore that negotiate these rates between producers and fleet owners. And their bonuses have not been spectacular for much of the last decade. As with all commodities, the good times in the early part of this millennium led fleet owners to lay down more and more new container ships. Everyone thinks the growth will keep coming forever and invests accordingly. So, just as the financial crisis started to impact world trade eight years ago, scores of new ships came online. The inevitable result? A crash in hire rates and lots of ships moored idle in places like Singapore and Gibraltar. China’s move to a services led economy has exacerbated the problem, while the anaemic growth in Europe is nowhere near enough to take up the slack. The impact on margins can be seen from sector leader Maersk. Its recent numbers showed a fifteen per cent drop in revenue but a massive sixty one per cent decline in profits. The inevitable result? Four thousand job losses from its twenty three thousand strong onshore workforce. Things are no better in the non-container based shipping world. The Baltic Dry index, a benchmark that tracks the cost of shipping bulk raw materials such as coal, steel and iron ore, has tumbled to a near thirty year low. Volatility in the currency markets also impacts shipping, with the Euro falling against the Chinese Yuan during twenty fifteen making imports more expensive. That may reverse this year as the Chinese authorities finally start to allow some devaluation of their currency, but some serious damage has been done since the financial crisis. Another culprit is the oil price crash, heavily impacting countries like Russia that depends on oil exports for much of its income. The German port of Hamburg, famous for its Reeperbahn where the Beatles once had a residency, saw its trade with Russia crash thirty six per cent last year as Russians cut back on imports of German cars and heavy machinery. It’s hard to avoid the conclusion that global trade really is slowing down when you look at any metrics connected with the shipping industry. It’s global. It has no central banks or politicians controlling its data. And it’s in crisis. If you believe what the politicians are saying about everything being under control and nicely on course, be very careful out there!
https://wn.com/Shipping_In_Crisis
Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

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

  • Order:
  • Duration: 5:19
  • Updated: 01 Sep 2016
  • views: 2516
videos
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 of cargo company could create economic ripple

Bankruptcy of cargo company could create economic ripple

  • Order:
  • Duration: 2:28
  • Updated: 08 Sep 2016
  • views: 994
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
[Preview] Learn how to file Hanjin Shipping Claims in Korean Bankruptcy Court

[Preview] Learn how to file Hanjin Shipping Claims in Korean Bankruptcy Court

  • Order:
  • Duration: 1:36
  • Updated: 28 Oct 2016
  • views: 9
videos
To watch a full video: http://webinar.jjkim.com/video/eng-learn-how-to-file-hanjin-shipping-claims-in/3043
https://wn.com/Preview_Learn_How_To_File_Hanjin_Shipping_Claims_In_Korean_Bankruptcy_Court
Shipping Company Bankruptcy Strands Products Worldwide

Shipping Company Bankruptcy Strands Products Worldwide

  • Order:
  • Duration: 1:02
  • Updated: 07 Sep 2016
  • views: 154
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
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: 9519
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
Ship company bankruptcy could affect holiday shopping

Ship company bankruptcy could affect holiday shopping

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  • Duration: 1:46
  • Updated: 11 Sep 2016
  • views: 1026
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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
Hanjin shipping company goes under

Hanjin shipping company goes under

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  • Duration: 1:59
  • Updated: 22 Sep 2016
  • views: 7784
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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
Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

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

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  • Duration: 0:55
  • Updated: 05 Sep 2016
  • views: 849
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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
U.S. court approves temporary bankruptcy protection for Hanjin Shipping

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

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  • Duration: 0:52
  • Updated: 07 Sep 2016
  • views: 660
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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
25 Fortune 500 Companies Who Declared Bankruptcy [2016]

25 Fortune 500 Companies Who Declared Bankruptcy [2016]

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  • Duration: 8:51
  • Updated: 06 Sep 2016
  • views: 892
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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
https://wn.com/25_Fortune_500_Companies_Who_Declared_Bankruptcy_2016
Hanjin shipments in troubled waters after company’s collapse

Hanjin shipments in troubled waters after company’s collapse

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  • Duration: 2:09
  • Updated: 08 Sep 2016
  • views: 3790
videos
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
James Baker on Hanjin Shipping's collapse

James Baker on Hanjin Shipping's collapse

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  • Duration: 3:55
  • Updated: 12 Sep 2016
  • views: 1294
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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
Kodak snaps out of bankruptcy

Kodak snaps out of bankruptcy

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  • Duration: 2:22
  • Updated: 21 Aug 2013
  • views: 2393
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Photography firm Kodak may be snap happy once again as it is no longer officially bankrupt. A judge has approved a restructuring plan to help finance its $7bn debt. Al Jazeera's John Terrett reports from New York.
https://wn.com/Kodak_Snaps_Out_Of_Bankruptcy
Tanger Outlets CEO not worried about Hanjin bankruptcy

Tanger Outlets CEO not worried about Hanjin bankruptcy

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  • Duration: 2:52
  • Updated: 14 Sep 2016
  • views: 671
videos
Steve Tanger, Tanger Outlets CEO, discusses Hanjin Shipping ships stranded at sea and how it could impact holiday shopping.
https://wn.com/Tanger_Outlets_Ceo_Not_Worried_About_Hanjin_Bankruptcy
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