Stranded Hanjin Vessels Fail to Boost Sea-Freight Rates: Chart
Sea-freight rates are falling even though it’s the peak period for cargo to be moved before the year-end shopping season and some of Hanjin Shipping Co.’s vessels were forced to stop work after it filed for court protection.
UK P&I and Britannia Clubs merger talks fail
Merger talks between mutual insurers and the UK P&I Club and Britannia Club have failed to reach agreement.In a...
HMM facing court receivership as talks fail on charter rate cut
Troubled Hyundai Merchant Marine (HMM) is facing a real threat of ending up in court receivership as talks to...