Drowning Hanjin may not be alone among global shippers

/ Sep 4, 2016

Drowning Hanjin may not be alone among global shippers

The problems that sank South Korea's Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world's freight carriers have ...

/ Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China's economic slowdown. The company is forecasting a consolidated net loss ...