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Economy

T_i_B

(14,738 posts)

12. I don't think any shipping line is in good shape right now

Reply to forest444 (Reply #11)

Thu Sep 1, 2016, 03:47 PM

Sep 2016

Korean or otherwise. Overcapacity due to ever bigger vessels appears to be the major issue. Too many new ships and not enough freight to ship on them.

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South Korea’s Hanjin Shipping files for bankruptcy protection [View all] forest444 Aug 2016 OP

'shipping companies world-wide grapple with overcapacity amid a slump in global trade.' elleng Aug 2016 #1

Austerity is the gift that keeps on giving. forest444 Aug 2016 #2

Exactly, forest, elleng Aug 2016 #3

It's easy. forest444 Aug 2016 #4

LBJ: I'll tell you what's at the bottom of it. elleng Aug 2016 #5

Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy T_i_B Sep 2016 #6

No wonder my Maserati was taking so long to arrive! forest444 Sep 2016 #7

Best hope it's properly stowed! T_i_B Sep 2016 #8

I suspect brazen asset stripping at Hanjin. forest444 Sep 2016 #9

Looks like much of it will end up with Hyundai T_i_B Sep 2016 #10

Ironic, isn't it. forest444 Sep 2016 #11

I don't think any shipping line is in good shape right now T_i_B Sep 2016 #12

And yet, the "consensus" (i.e. approved) policy makers all agree on austerity. forest444 Sep 2016 #13

Never mind the policy makers T_i_B Sep 2016 #14

Hanjin Shipping gets U.S. court order, cash to unload ships Eugene Sep 2016 #15

Here in the UK..... T_i_B Sep 2016 #16