Tag Archives: Bankruptcy

Yang Min, Hyundai Marine receive Bailouts

On January 25th the Government of the Republic of Korea announced a bailout package worth approximately USD$660 million for Hyundai Merchant Marine Co. Ltd., just two months after Taiwan announced $1.9 billion for its struggling carriers Evergreen and Yang Min. Continue reading

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Hanjin Bankruptcy: What Forwarders need to Know

On 2 September 2016 Hanjin Line declared bankruptcy and a Receiver has been appointed under Korean law. The sudden collapse of one of the major global steamship lines has sent shockwaves through the supply chain as the Receivers, Hanjin’s partners, … Continue reading

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