David Kersten, an analyst from the investment bank Jefferies, told Bloomberg in an interview the most likely scenario is that Maersk would take over the assets of the South Korean liner carriers.
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization's 39th Assembly in Montreal, which begins today, according to the Air Transport Action Group.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
South Korea’s largest container shipping company’s transported volumes ticked up 1 percent year-over-year in the quarter to 1.17 million TEUs, container revenues tumbled 26.6 percent year-over-year to 1.35 trillion won.
A bankruptcy court in Newark, N.J. will hear requests for modifications as Hanjin Shipping’s biggest shareholder, Korean Air Lines, has postponed a decision to provide cash to the carrier.