Hanjin Bankruptcy Led to Heavy Losses, Write-Offs
Hanjin Shipping Co.’s financial troubles that led to bankruptcy a year ago stranded precious cargo, causing losses for trucking and other transportation companies.
August 24, 2017Supply Chain Execs Explain Lessons Learned a Year After Hanjin Disruption
On Aug. 31, 2016, the Hanjin Shipping Co. shut its doors, filing for bankruptcy protection and kickstarting a series of problems for port authorities, truckers, cargo owners, freight forwarders and equipment providers to solve on the fly.
August 24, 2017The World’s Shipping Companies Are Going Super-Sized
A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.
August 16, 2017South Korean Court Orders Shipping Giant Hanjin to Liquidate
A court in the South Korean capital, Seoul, declared struggling shipping giant Hanjin officially bankrupt on Feb. 17 and ordered the company to liquidate its assets.
February 17, 2017California Town Vows to Rid Itself of Hanjin Shipping Containers by Year's End
Ontario, California’s legal team vows that hundreds of abandoned shipping containers, illegally stored at four industrial yards in the agricultural southern part of town, will be gone by the end of the year.
January 31, 2017Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International
Hyundai Merchant Marine will buy a 20% stake in Total Terminals International, agreeing to a $15.6 million deal with Mediterranean Shipping Co. on Jan. 19, one day after a U.S. bankruptcy court approved MSC’s purchase from the bankrupt Hanjin Shipping Co.
January 20, 2017US Judge Approves Hanjin's Sale of Total Terminals International for $133 Million
A U.S. District Court bankruptcy judge has approved a $133 million dollar deal between Hanjin Shipping Co. and a terminal operating subsidiary of the Mediterranean Shipping Co. to purchase a majority share in Total Terminals International.
January 19, 2017Port of Seattle May Block Sale of Bankrupt Hanjin's Waterfront Operation
The Port of Seattle is objecting to the sale of the operations center at Terminal 46, where bankrupt South Korean shipping company Hanjin is trying to unload its business to one of the world’s largest cargo firms.
January 10, 2017‘K’ Line Files Lawsuit Against APL Logistics for Spreading Rumors
Kawasaki Kisen Kaisha, Ltd., or “K” Line, filed a lawsuit against APL Logistics Ltd. in a Tokyo civil court for comments the logistics firm made after the Hanjin Shipping Co. demise on Aug. 31.
December 28, 2016Hanjin Sells Stake in Total Terminals International to Mediterranean Shipping Co.
Hanjin Shipping Co., the South Korean ocean carrier that filed for bankruptcy protection in August, has agreed to sell its stake in Total Terminals International to Mediterranean Shipping Co., according to Bloomberg News.
December 20, 2016