Jump to content
The World News Media

Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?


Recommended Posts


  • Views 275
  • Replies 1
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Similar Content

    • By TheWorldNewsOrg
      via Hello guest! Please register or sign in (it's free) to view the hidden content.
      Hello guest! Please register or sign in (it's free) to view the hidden content.
    • By g@gmail.com
      They threw dust on their heads and cried out, weeping and mourning, and said: ‘Too bad, too bad, the great city, in which all those who had ships at sea became rich from her wealth, because in one hour she has been devastated!’
      http://washpost.bloomberg.com/Story?docId=1376-ODF7FR6TTDSM01-7QA47V5QO42GJEGPOG7D5D27C1
       
       The fall of South Korea’s biggest container line Hanjin Shipping Co. is similar to the 2008 collapse of Lehman Brothers Holdings Inc. and has materially impacted the shipping industry, Seaspan Corp. Chief Executive Officer Gerry Wang said.
      Seaspan, the Hong Kong-based container-ship leasing company that has three vessels chartered to the distressed line, is evaluating all options and examining systemic risks resulting from Hanjin’s bankruptcy filing, Wang said in an interview with Bloomberg Television. In June, Wang had rejected Hanjin’s requests for charter-rate cuts before the shipping line filed for court receivership last month.
      “The fallout of Hanjin Shipping is like Lehman Brothers to the financial markets,” Wang said. “It’s a huge, huge nuclear bomb. It shakes up the supply chain, the cornerstone of globalization.”




×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.