Hyundai Merchant Marine announced last Thursday it will buy 20 percent of a company part-owned by Hanjin Shipping that operates terminals in Seattle and Long Beach, in a move that may go some way to restoring the severely depleted flow of cargo through the California terminal. (This article requires registration at the Journal of Commerce. […]
Newly released figures show the value of cross-border freight moved between the U.S. and its neighbors directly to the north and south increased in November for the only the second time in nearly two years, but trucking had the smallest gain.
Following the bankruptcy of Hanjin, Taiwan’s Yang Ming is now the container line in the greatest financial danger, according to a research paper published today. Drewry Financial Research Services (DFRS) says the line has the industry’s most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3. The figure […]
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