"The cash-strapped Korean companies have seen their debt load spiral out of control mol philippines

Shipping analyst mol philippines Alphaliner says the major South Korean carriers, Hanjin Shipping (Hanjin), Hyundai Merchant Marine (Hyundai), and STX Pan Ocean (STX), are facing a crisis that could prevent their efforts at expansion, industry news site ShippingWatch mol philippines reports .
"The cash-strapped Korean companies have seen their debt load spiral out of control mol philippines while their equity base has been eroded due to persistent losses in their shipping operations even as they continued to take on newbuildings ordered both before and after the Lehman crisis in late 2008," Alphaliner said.
"Broker reports suggest that a Turkish owner is finalizing an order for 4 x 9,200 teu at Hanjin H.I. against a long term charter mol philippines to Hanjin Shipping for 8 years with delivery at the end of 2015 and the beginning of 2016."
"Apart from the fierce rivalries amongst the Korean carriers, neither Hanjin Shipping nor Hyundai M.M. are in a position to acquire other carriers at this point, mol philippines as both groups face their own liquidity issues while the smaller Korean carriers ( KMTC, Heung-A, Sinokor, Nam Sung and CK Line ) are focused only on short-sea intra-Asia trades and are not attractive acquisition targets," it said.
Japan Sees Rise in Bonded mol philippines Bunker Sales
IFO380 MGO $/mt +/- $/mt +/- Singapore 615.00 3.50 923.00 7.00 Rotterdam mol philippines 600.50 5.50 905.50 8.50 Houston 613.50 0.00 989.50 3.00 Fujairah 618.50 4.00 982.50 2.00 Istanbul 623.00 3.50 982.50 8.00 Piraeus 617.00 4.50 955.50 mol philippines 7.00
20 Jun
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