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Ship shake: Hanjin woes may help float tech, data start-ups

SINGAPORE (Reuters) - The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd, is slowly waking up to the..
Reuters India

Hanjin Sale Is Possible, Court Says

The South Korean bankruptcy court handling the insolvency proceedings of Hanjin Shipping said a sale of the troubled company is possible and a decision would be made soon.
Wall Street Journal

Videos for "Hanjin Shipping"

News video: Maersk May Target Hanjin & Hyundai Merchant Marine

Maersk May Target Hanjin & Hyundai Merchant Marine 02:21

Sept. 27 -- The world's biggest container line could be about to take advantage of recent troubles in South Korean shipping. Maersk is said to be looking at Hanjin Shipping and Hyundai Merchant Marine,..
Source: Bloomberg Global Business -

News video: Hanjin Shipping in Trouble

Hanjin Shipping in Trouble 00:39

Hanjin Shipping–the seventh largest container line in the world–has filed for receivership at this time. Hanjin Ships typically contain billions of dollars of new products. However at this moment..
Source: Wochit Business -

News video: Hanjin Wins $45M Lifeline From Korea Development Bank

Hanjin Wins $45M Lifeline From Korea Development Bank 01:10

Sept. 23 -- Hanjin Shipping has been thrown another lifeline. Korea Development Bank will provide a conditional credit line to be used only if loans from others provide insufficient to offload cargo..
Source: Bloomberg Global Business -

News video: Help for Hanjin while Maersk splits business

Help for Hanjin while Maersk splits business 01:25

The largest shareholder of Hanjin Shipping has agreed to lend 60 billion won ($53.96 million) to help unload cargo that has been stranded since the world's seventh-largest container carrier collapsed..
Source: Rumble -

News video: Hanjin Shipping Get $54M Loan From Korean Air

Hanjin Shipping Get $54M Loan From Korean Air 01:29

Sept. 22 -- Hanjin Shipping's largest shareholder, Korean Air, signed off on an emergency loan of $54M. Bloomberg's Kyunghee Park reports on "Trending Business."
Source: Bloomberg Global Business -

 

Some Hanjin Sailors Denied Shore Leave in U.S. Ports

Crews aboard Hanjin Shipping Co. vessels docked at American ports are being barred by U.S. immigration officials from coming ashore, a decision labor groups say goes against international seafarers’..
Wall Street Journal

Futures Fail To Rebound As Deutsche Bank Tries To Comfort Markets That It Is "Fine"

futures fail to rebound as deutsche bank tries to comfort markets that it is fine
After yesterday's broad "Hillary rally" gains in the US, overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring some weakness in Asia and especially Japan (Nikkei was..
Zero Hedge

United States: U.S. Federal Judge Refuses To Alter Bankruptcy Orders Protecting Hanjin Shipping Co. Ltd. - Masuda, Funai, Eifert & Mitchell, Ltd.

The federal district court in New Jersey recently denied an appeal by maritime creditors of Hanjin to lift bankruptcy protections and allow arrest of Hanjin's vessels in and near U.S. ports.
Mondaq

Hanjin Shipping Shares Soar After Funding Offers

South Korean company has been offered $100 million from its main creditor and largest shareholder to help get its stalled global supply chain moving.
Wall Street Journal

Lost at Sea - Will I Get Christmas Presents This Year?

Just this month, one of the largest shipping lines in the world, Hanjin Shipping Co., hit a major roadblock. After filing for bankruptcy, the company stopped loading new cargo on ships and was turned..
Huffington Post

10 things you need to know before the opening bell (UNH, YHOO, SPY, SPX, QQQ, DIA)

10 things you need to know before the opening bell (unh, yhoo, spy, spx, qqq, dia)
Here is what you need to know.  *The Federal Reserve kept policy on hold.* The Fed held its key interest rate unchanged at a range of 0.25% to 0.50%, saying, "The Committee judges that the case..
Business Insider

KDB agrees to Hanjin Shipping loan


SeekingAlpha

Soothing Fed Sends Global Stocks, US Futures, Commodities Higher

Optimism has returned to markets post the BOJ and FOMC. Following the Fed's "hawkish hold" and the BOJ's "confused contradiction", global risk (and non-risk) assets got the green light, and as a..
Zero Hedge

Hanjin Shipping to get more funds to resolve cargo crisis

SEOUL, South Korea (AP) — Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Hanjin’s lead creditor, Korea..
Seattle Times Also reported by •FOXNews.com

Hanjin Shares Soar After Korean Air Offers Funding

Hanjin Shipping shares rise as much as 28% after its largest shareholder’s board agreed to provide $54 million to get its stalled supply chain moving again.
Wall Street Journal

The Wall Street Journal: Hanjin Shipping shares skyrocket after $54 million relief loan


MarketWatch

The iPhone 7: Why Many Are Advising to Wait for the Eight

Apple just introduced the iPhone 7 and it seems that the market already has two conflicting views about this product. Some predict it will be a big winner and others say it is yet another incremental..
Huffington Post

United States: Emergency Appeal In Hanjin Shipping Case Highlights Disconnect Between Bankruptcy And Maritime Law In The United States - Masuda, Funai, Eifert & Mitchell, Ltd.

A number of towage and bunker suppliers have requested the intervention of a district court judge to clarify whether the U.S. Bankruptcy Court has authority to "effectively extinguish maritime liens"..
Mondaq

Massive container ship stuck at sea in bankruptcy limbo to reporedly dock in N.J.

Hanjin Shipping Company has paid a pilot and tugboat operator needed to get the container ship into Elizabeth
NJ.com

How Risky Is Textainer Group Holdings Ltd.?

The bankruptcy of Hanjin Shipping has rattled shipping industry investors. Does this increase the risk of holding Textainer stock?
Motley Fool

Frontrunning: September 20

· How Police Tracked Down Bombing Suspect Suspect Ahmad Khan Rahami (WSJ) · Dollar Falls With Treasuries Amid Fed, BOJ Countdown; Oil Rises (BBG) · Fed again poised to cut longer-run interest rate..
Zero Hedge

Korean Court Orders Hanjin to Cut Its Fleet

A South Korean bankruptcy court ordered Hanjin Shipping to return ships it charters to their owners and to sell as many of its own ships as possible.
Wall Street Journal

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