Hanjin crash

7th February 2017
【Collapse of Korea】 Worldwide breaks in bankruptcy of Hanjin Shipping Co. www "Hanjin Owner's Take it !!" ⇒ After all Korean government compensation currency ━━━━━ (° ∀ °) ━━━━━! It is! It is! 2 ch "South Korea's state collapse in March is likely to become a reality"
The largest handmade application in Japan.
We have over 3.5 million works! Let's find a nice "one point"!
Handmade. So it's cute. Minne
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【Collapse of Korea】 Worldwide breaks in bankruptcy of Hanjin Shipping Co. www "Hanjin Owner's Take it !!" ⇒ After all Korean government compensation currency ━━━━━ (° ∀ °) ━━━━━! It is! It is! 2 ch "South Korea's state collapse in March is likely to become a reality"



Posted by



217: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sun) 23: 39: 48.37 ID: bMIOAwC / .net
Last October 14th

In registration of creditors of Hanjin Shipping, which began registration on October 11,
The number of creditors registered in Seoul Central District Court is
Approximately 4000 people and corporations have been reached.

Among them,
Maersk Line, Mediterranean Shipping Company (MSC), CMA CGM, Hapag Lloyd,
United Arab Shipping, Evergreen, APL, OOCL, Yang Ming,
'K' Line, Mitsui OSK Lines, NYK Line (shipping companies above)

PSA, DP World, Westports Malaysia, Yantian International Container Terminals,
Hutchison Laem Chabang Terminal (terminal operated)

Seaspan, Danaos, Formosa Plastics Marine (owner)

Textainer, Seacube Containers, Seaco Global, Triton Container International,
Florens Container Services, Dong Fang Asset Management (Container Lease)

World Fuel Services, Chemoil International, Glencore Singapore,
IBT Bunkering & Trading, OceanConnect Marine,
Cockett Marine Oil (Asia) Pte, Singamas Petroleum,
Total Marine Fuels (fuel supply)
※ It was only 64 million US dollars here

Port of Houston Authority, Massachusetts Port Authority,
South Caroline State Ports Authority,
Kobe-Osaka International Port Corporation (Port Authority)

Clarksons Platou, Braemar ACM, Simpson Spence Young,
Howe Robinson Partner (Ship Broker)

Other inland navigators / harbor cargo handlers etc.

To be it worldwide
It's going to be over to the enemy w
(New Harbor Laborers Allow Baka Nuts to Run away? The World Is Not Sweet)

200: <∀ `> ('· ω ·`) (`h') @ @ (^ o ^) /: 2017/02/05 (Sun) 21: 59: 22.55 ID: BrpVQMZN.net
【South Korea】 Korea's largest · 7th largest shipping company in the world finally bankrupt and the fear of 10,000 people unemployed = "It's because of the incompetent government" - Korea Net [02/04]

Princess Northern Hanjin Zaibatsu clan
We sold all the Hanjin Shipping in April,
Revealed in September after the bankruptcy
There is no problem in Korean listed company disclosure obligation.

【South Korea】 Chairman of Hanjin Zaibatsu, "If you announce that the cargo of the Hanjin Shipping is all guaranteed by the government", it did not become such a thing! 2016/10/05

【South Korea】 Han Hyeon Zaibo family of Princess Nuts sells all Hanjin Shipping in April and runs away Do not know because it is no longer relevant 2016/09/09

It was revealed in September when bankrupt "Hanjin Zaibatsu" famous for Korean Air 's Princess Nuts sold approximately 968 thousand shares of Hanjin Shipping Corp. in April.

The anger of the Korean people can not fit not only in the selling of stocks. It was also revealed that he had received 900 million yen as a retirement allowance when leaving the owner of Hanjin Shipping.

After sold out and became owner, we applied for joint management to the bank creditors centering on "Korean Industrial Bank" and "Korea Export-Import Bank" of government banks in April.
In other words, it is a translation of company management to bank creditors.

Because I do not have a stock of Hanjin Shipping, I am escaping responsibility if I am not an owner. The president of the Hanjin Zaibatsu will not fit the anger of the people to the ale which is astounded that "We are not involved anymore, but support only heartfelt", by e-mail.

Furthermore, if I announced that "at the time, all the cargo of Hanjin Shipping is guaranteed by the government, we did not make such a fuss! The deception told that no unemployed person came.

In addition to that, it was also revealed that in cutting down Hanjin Shipping, it separated the high-quality asset subsidiary and incorporated it into another company of Hanjin Zaibatsu. In other words, the asset-worthy good affiliates (buildings, land, trucking company) were separated from Hanjin Shipping and used as assets of Princess Hanghwa's family.

Even if such a thing is done, it is a group of zaibatsu who are not charged with anything by the government. Zaibatsu clan is coalesced from judicial to prosecution, politics. Furthermore, Hanjin Zaibatsu is a company that Park Dong-yu's father made to his best friend, and it is a relationship of family with Park Geun-hye.

Therefore, the Korean government is getting rid of gas by pushing the anger of the people against the Hanjin conglomerate, anti-Japan movement as anti-gas measures and the Lotte group in Japan every day.

The personal assets of the Princess Nuts, which had sold Hanbun Shipping and separated the high quality assets, is said to be about 40 billion yen.

British specialty paper "Korean shipping industry, downfall due to structural adjustment failure"
Article entry: 2016/12/21 08: 20

"The Korean government has decided a confusing policy of disburling financial support for Hanjin Shipping with a superior competitiveness by supporting funds for Hyundai Merchant Ships that have relatively poor brand power and asset value (in the process of structural adjustment) The Korean government is in a hurry and I'm out of step. "

The British shipping specialty paper Lloyds list with 280 years history so far so reputed the structural adjustment in the shipping industry in Korea. The industry that has reached the greatest turbulent period in and around this year is the shipping business. The global shipping company developed a "chicken game" waiting for the rival to collapse first due to the recession, and repeated separation and dissection for the establishment of a new shipping alliance (industry association sharing vessels and routes) next year. Hanjin Shipping in South Korea and 7th in the world entered the statutory control (equivalent to the corporate reorganization law) in September, and it is effectively going to liquidate.

On the 20th, Lloyd's List selected "Hanjin Shipping, Korea Industry Bank, Korea" as the second in "Lloyd's List · Top 100" which selects people and companies that affected shipping industry this year. It shows that the influence that entering statutory management of Hanjin Shipping which became the biggest shipping company bankruptcy in history and its accompanying disruption of logistics on the shipping industry in the world is that much larger.

In the Lloyds list, creditors, such as industrial banks, suspended financial support for Hanjin Shipping in August, and said that the logistics turmoil accompanying it occurred, "It was not planned highly by policy, · Despite the recession of the shipbuilding industry, the government could not respond properly. " In addition, he pointed out that the reconstruction of Hyundai Merchant Marine, which is inferior in terms of marine transport industry, was not "dealing with the logic of the market".

The Lloyds list recently showed that the structural adjustment in the shipping industry in Korea will be confused for the time due to political turmoil. The possibility that President Park Geun-hye will resign is likely to rise, and the situation that the shipping industry's structure adjustment will not proceed slowly will continue until the new administration is established.

The Lloyds list also pointed out, "The downfall of the shipbuilding and shipping industry in Korea clearly shows the downfall of Korea's economic growth model." "Korea has traditionally transformed poor countries into global industrialized countries in a way that the government supports big companies, but if the industries that they cultivated suffer from a chronic recession, the Korean government will find a breakthrough I am in it. "

Chosun Ilbo / Chosun Ilbo Japanese version

Ttp: //www.chosunonline.com/site/data/html_dir/2016/12/21/2016122100500.html (Not available)
(New Harbor Laborers Allow Baka Nuts to Run away? The World Is Not Sweet)

200: <∀ `> ('· ω ·`) (`h') @ @ (^ o ^) /: 2017/02/05 (Sun) 21: 59: 22.55 ID: BrpVQMZN.net
【South Korea】 Korea's largest · 7th largest shipping company in the world finally bankrupt and the fear of 10,000 people unemployed = "It's because of the incompetent government" - Korea Net [02/04]

Princess Northern Hanjin Zaibatsu clan
We sold all the Hanjin Shipping in April,
Revealed in September after the bankruptcy
There is no problem in Korean listed company disclosure obligation.

【South Korea】 Chairman of Hanjin Zaibatsu, "If you announce that the cargo of the Hanjin Shipping is all guaranteed by the government", it did not become such a thing! 2016/10/05

【South Korea】 Han Hyeon Zaibo family of Princess Nuts sells all Hanjin Shipping in April and runs away Do not know because it is no longer relevant 2016/09/09

It was revealed in September when bankrupt "Hanjin Zaibatsu" famous for Korean Air 's Princess Nuts sold approximately 968 thousand shares of Hanjin Shipping Corp. in April.

The anger of the Korean people can not fit not only in the selling of stocks. It was also revealed that he had received 900 million yen as a retirement allowance when leaving the owner of Hanjin Shipping.

After sold out and became owner, we applied for joint management to the bank creditors centering on "Korean Industrial Bank" and "Korea Export-Import Bank" of government banks in April.
In other words, it is a translation of company management to bank creditors.

Because I do not have a stock of Hanjin Shipping, I am escaping responsibility if I am not an owner. The president of the Hanjin Zaibatsu will not fit the anger of the people to the ale which is astounded that "We are not involved anymore, but support only heartfelt", by e-mail.

Furthermore, if I announced that "at the time, all the cargo of Hanjin Shipping is guaranteed by the government, we did not make such a fuss! The deception told that no unemployed person came.

In addition to that, it was also revealed that in cutting down Hanjin Shipping, it separated the high-quality asset subsidiary and incorporated it into another company of Hanjin Zaibatsu. In other words, the asset-worthy good affiliates (buildings, land, trucking company) were separated from Hanjin Shipping and used as assets of Princess Hanghwa's family.

Even if such a thing is done, it is a group of zaibatsu who are not charged with anything by the government. Zaibatsu clan is coalesced from judicial to prosecution, politics. Furthermore, Hanjin Zaibatsu is a company that Park Dong-yu's father made to his best friend, and it is a relationship of family with Park Geun-hye.

Therefore, the Korean government is getting rid of gas by pushing the anger of the people against the Hanjin conglomerate, anti-Japan movement as anti-gas measures and the Lotte group in Japan every day.

The personal assets of the Princess Nuts, which had sold Hanbun Shipping and separated the high quality assets, is said to be about 40 billion yen.


126: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 01: 09: 45.11 ID: 4 + zCXMi1.net
Family sells stocks
You are buying real estate in Germany
It seems like I've heard of it ....


128: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 01: 33: 20.56 ID: qDtGwg9Q.net
>> 126
A survey like >> 105,
Probably keeping that in mind w


105: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/03 (Fri) 22: 53: 41.81 ID: LIr 5HgSF.net
Kujimete is what,
There is one story more likely to spread the wound, do not you think?
It is a story I also went to WSJ,
Newport harbor workers join
The employment pension fund,
"Hanjin Shipping"
"Group companies of chaebolisms belonging to Hanjin"
I want to investigate the relationship with
I am applying for an application.

This fund is a creditor of Hanjin,
Due to the collapse of Hanjin, there was a hole in the investment
It was a story to make up for it,
Apparently it seems desperate,
Hanjin Group company (dominated by the same family)
It seems that you should bear the debt.

I do not know what will happen with the judgment of the court,
If this is accepted
I think it will be a bit big news.


203: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sunday) 22: 32: 39.03 ID: bMIOAwC / .net
Oh, >> 126 is the story about that?
The chairman and two daughters, the matter at last last year
As an insider trading
It seems like the prosecution has heard the situation.
It was avoided loss of 1 billion won due to the sale of shares.

Also, regarding Busan terminal (Hanjin possession facility of Hanjin)
Before failing its share
We sold the group to Hanjin Trucking (Land Transport)
With Singapore's PSA (Port Operating Company)
It seems I had a joint venture,
This time last month, after all, Hanjin carriage sold its ownership,
It seems to be 50% owned by a certain investment fund in Korea now.


210: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sunday) 22: 54: 02.12 ID: Zh1Yug3Q.net
>> 200
Planning such as drama is bankruptcy
Although flow is too simple that only Korean style will pass





(Reason why Baccarat declared the US-Korea FTA destroy ... laugh if it gets damaged by Hanjin Shipping)

205: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sunday) 22: 46: 48.43 ID: Tp3 / v038.net
>> 203
Even if it passes through the judicial system in Korea,
You are going through the American bankruptcy law
Failure is a law that is tolerant, but I'm not mercilessly wrong


209: <__ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sunday) 22: 53: 04.59 ID: bMIOAwC / .net
>> 205
There is also it, but in the case of South Korea once you become the defendant side
There is also a characteristic that you can press everything,
In a word I can not say which is merciless w


211: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/05 (Sunday) 22: 59: 07.67 ID: Tp3 / v038.net
>> 209
There is a US-Korea FTA
When a company can not pay compensation, the government takes over


212: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02 / 5 (Sun) 23: 02: 01.85 ID: bMIOAwC / .net
>> 211
By the way it seems.
What is the debt from America?





(In the end it seems that there will be one piece due to government compensation)

114: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/03 (Fri) 23: 24: 11.85 ID: AElOeceV.net
this
Because Lloyd's is not guaranteed
It will cover government guarantees
Is it a good idea to say?


115: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/03 (Fri) 23: 31: 56.52 ID: B + v 2 OgwJ.net
>> 114
Because Kune refuses compensation, it is in the present state
What will happen after the collapse?
Government compensation will be like reinsurance
I wonder if there is any charge for the primary insurance company
But maybe not
After all, it seems that we will be charged for the government


120: <∀ `> ('· ω ·`) (`h') @ @ (^ o ^) /: 2017/02/03 (Fri) 23: 51: 59.05 ID: LIr 5HgSF.net
>> 114
>> 115
To the end business expenses are bad, sales are not established,
It is a collapse that ended with support stopped.

However, also for premiums on vessels and cargoes
The possibility of having unpaid is of course very high,
Insurance has not been established because insurance premiums have not been paid ...
I have never seen the news.


125: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 00: 55: 51.74 ID: DAUdE9HD.net
120
It is 114.
Around about September last year a story about Lloyd's came out actively on this topic
Load compensation → Lloyd's × → Government compensation

Massive compensation → Korea? → Swap
I thought. In the case of


127: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 01: 30: 40.04 ID: qDtGwg9Q.net
>> 125
Probably about the previous maritime accident
I think that it comes from a story in the Korean sea trial,
At Lloyds I refuse to accept reinsurance at Korea route,
I have not seen it in the news.
Lloyd's of the beginning
Since it is not a business entity with a unique intention,
It may be that part of the market, though,
Probably I can not investigate.

As a realistic story, at the time when it failed and became court management,
Hanjin can be received by established insurance
The insurance money will be the bonds of Hanjin,
Insurance company underwriting does it without permission
I think that it is not possible to reverse paying.
Indeed, in this case an insurance company
At the moment I do not know that such a collapse or such a story.

Just because the liquidation was decided,
There may be stories about the bankruptcy of this kind in the future.





(Clearly do not think that the Korean government is responsible ... do not take this out)

129: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 01: 50: 08.96 ID: qDtGwg9Q.net
However, whether it is a client or a receiver,
Those who enter and leave the Lloyd's market
How to fly this time like Hanjin
It is certain that it is not possible to keep silent.

I think Thread was standing a while ago,
They call Lloyd's List 100
A serious news collection of that year,
Secondly from the top this breakdown is "Hanjin / KDB / Korea Inc"
I am citing in the title.
"Hanjin, Korea Industry Bank / Co., Ltd. Korea"
I feel it.

With Hanjin himself and no measures
In line with the source bank that terminated support,
While moving the economy led by politics
I do not try to take responsibility for "end of harvest"
I ridiculed the Korean government outright.

However, at that thread
Because it came through Korean news,
"Korea Co., Ltd." is called
It was simply replaced with "Korea", though.
Well, the Korean newsstand should know about that much shame w

Oh, by the way, myself> 120 people.


135: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 03: 16: 54.03 ID: PvFfA1XB.net
>> 129
This

【International】 British specialty paper "Korean shipping industry, downfall due to structural adjustment failure"


147: <¯ `∀ '> (' · ω ·`) (`h ') @ @ (^ o ^) /: 2017/02/04 (Sat) 03: 45: 34.30 ID: 3IS6plGJ.net
>> Thirty-five threads are good here, but, everyone's detailed.
Do you study a little?





1: Zoo φ ★ @ \ (^ o ^) /: 2016/12/21 (Wed) 09: 20: 59.87 ID: CAP_USER * .net
British specialty paper "Korean shipping industry, downfall due to structural adjustment failure"
Article entry: 2016/12/21 08: 20

"The Korean government has decided a confusing policy of disburling financial support for Hanjin Shipping with a superior competitiveness by supporting funds for Hyundai Merchant Ships that have relatively poor brand power and asset value (in the process of structural adjustment) The Korean government is in a hurry and I'm out of step. "








Hanjin Shipping

From Wikipedia, the free encyclopedia
Hanjin Shipping Co. Ltd
Hanjin Shipping
Native name
한진해운
Shipping
Founded1977
HeadquartersSouth Korea
Key people
Cho Yang Ho (Chairman & Co-Chief Executive Officer), Suk Tai Soo (Co-Chief Executive Officer, Director)
ProductsShipping, Ocean Freight,
Websitehanjin.com
HANJIN container.jpeg
Hanjin Shipping Co. Ltd is a South Korean integrated logistics and container transport company. Prior to its financial demise, Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity. In August 2016, the company applied for receivership.
Hanjin shipping operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of many container ships, bulk and LNG carriers. Hanjin Shipping has its own subsidiaries dedicated to ocean transportation and terminal operation and it has several branch offices in various countries. Due to its financial collapse, Hanjin has lost control and ownership over large portions of its fleet and the majority of its chartered assets have been confiscated by creditors.

2016 financial collapse[edit]

In April 2016, Hanjin applied to its creditors for debt restructuring, in order to avoid formal insolvency proceedings.[1] On August 31, 2016, Hanjin filed for bankruptcy protection at the Seoul Central District Court and requested the court to freeze its assets, after losing support from its banks the previous day.[2] Hanjin vessels are experiencing access issues to ports globally.[3] Ports and other firms are demanding arrears and prepayments before providing services to Hanjin vessels.[3]
On September 2 Hanjin Shipping Co. filed papers in U.S. Bankruptcy court in Newark, New Jersey that would allow its vessels to dock without its ships, cargo or equipment being confiscated by creditors. As of September 9 the Hanjin Greece will be allowed to dock, discharge and load containers at the Port of Long BeachHanjin Montevideo and Hanjin Boston are expected to dock next.
The financial struggles of Hanjin Shipping are attributable to an ongoing downturn in the container shipping industry that is the result of numerous interrelated factors such as weak global GDP, overcapacity on container vessels, "bloated" US retail inventories, changing consumer spending patterns, Chinese economic slowdown, and muted growth in demand for container shipping. The downturn has dented profits and crippled the financial health for the majority of the top twenty ocean carriers.[4]
Hanjin Shipping's imminent dissolution would be the largest and most significant bankruptcy in the container transport industry[5] and is causing worldwide disruption in shipping as cargo ships get stuck at ports and canals waiting for cash payments.[2] Hanjin's bankruptcy has created a massive ripple effect. Other business that rely on physical products have found themselves without the expected revenue from inventory that became stuck at sea. Though large companies such as Nike have been affected, the effects are more prominent on smaller companies. 80 of Hanjin's chartered ships have either been returned to their owners or ordered to be returned to their owners.[6]
Bogged down with tremendous debt, trapped in a struggling industry unlikely to improve in the near future, and with assets confiscated by creditors or abandoned by the company, signs have begun to appear that Hanjin will likely be dissolved by the South Korean government and stakeholders.[7] In a matter of weeks after its receivership Hanjin's global presence and dominance in its industry withered away. The company has announced plans to shut down offices around the world,[8] lay-off workers,[9][10] sell remaining assets,[11] and dismantle its service network. Other container lines have distanced themselves from Hanjin and joint operations with the company have been terminated. As Hanjin has relinquished control of its assets, its reputation as a reliable container line has faded among shippers and the company has fallen from its rank as the world's seventh-largest container line to the twenty-fourth largest.[12]

Services[edit]

Hanjin 20 foot containers
  • Container – Transports approximately 3.7 million TEU containers a year. This service consists of 24 container ships[13] which allows for this service to produce such an output per year. Recently, in 2010 the South Korean shipping company was the first to introduce a 10,000 TEU class carrier ship, which travels between Asia and Europe.[6][14]
  • Bulk - This division of the shipping company delivers a variety of resources and raw materials through its ‘contract of affreightment’ with other companies. The division's ships are LNG and VLCC ships which carry crude oil and chemicals.[14]
  • Terminal – The shipping terminals for this company are distributed internationally. There are fourteen dock yards that this company owns: four in Korea, two in the United States of America, two in Japan, and the rest in SpainTaiwanVietnam and Belgium.[14]

See also[edit]

References[edit]

External links[edit]