Insight into the world of shipping, with a large shipping company delinquent in payments on charters to its shipowners. It’s risky to own ships today, with rates so low and volatile.
In an e-mailed response to The Loadstar today, Hanjin Shipping would not be drawn on the renewed suggestions from a South Korean government official of a merger with Hyundai Merchant Marine (HMM), merely offering a “no comment”.
Source: Hanjin charter cut negotiations hobbled by hire arrears
Supply Chain and Logistics 