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Hanjin says cargo owners withholding $80 million in payments

WILMINGTON, Del (Reuters) - Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed..

S.Korea says cash at Hanjin, parent group support should cover offloading fees

SEOUL (Reuters) - South Korea said cash withheld by Hanjin Shipping Co Ltd and support from its parent group should roughly meet funding needed for unloading cargo from vessels operated by the
Sify Also reported by •ReutersReuters India

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 company goes under

Hanjin shipping company goes under 01:58

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..
Source: Al Jazeera STUDIO -


Ex-Hanjin Shipping chairwoman investigated over insider trading

ex-hanjin shipping chairwoman investigated over insider trading
The former chairwoman of bankrupt Hanjin Shipping is under investigation for alleged insider trading.
BBC News

S.Korea urges swift offloading of Hanjin cargo, to unveil new shipping measures

SEOUL (Reuters) - South Korea will announce new measures to bolster the shipping industry in October, finance minister Yoo Il-ho said on Friday, urging the swift unloading of cargo trapped on Hanjin..

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

Group of Scottish sea cadets stranded off Singapore after company they were training with went bankrupt

group of scottish sea cadets stranded off singapore after company they were training with went bankrupt
FOUR cadets from Clyde Marine Training had been on a placement with South Korean company Hanjin Shipping when the company went into financial trouble.
Daily Record

Hanjin gets US$45 mln credit line from Korean state lender

Korea Development Bank, the main lender to Hanjin Shipping Co., offered a conditional credit line of 50 billion won (US$45 million) to help ease supply-chain disruptions caused by the collapse of the..
S.China Morning Post

Hanjin thrown multi-million pound lifeline to rescue stranded cargo

The troubled shipping firm Hanjin has been thrown a multi-million pound lifeline to rescue the stranded cargo which is trapped on its ships across the world. It comes after the firm's bankruptcy..
City A.M.

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


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..
New Zealand Herald Also reported by •Seattle TimesFOXNews.com

KDB to extend $45 million credit line to help unload Hanjin cargo

SEOUL (Reuters) - Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won ($45 million) credit line to help Hanjin unload stranded..
Reuters India

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