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60 replies to this topic | 350 praises

#1

Posted 04 September 2016 - 02:42 PM

RadX
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As per title

BanCoe happy?

Pls link the article. I Sunday oso no rest... Nb

Lol
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RESPECT is only for the DEAD!

#2

Posted 04 September 2016 - 02:47 PM

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South Korean shipping giant Hanjin to enter receivership

 

South Korea's biggest shipping group Hanjin is set to enter receivership after its creditors refused to provide further funding to the indebted firm.

 

http://www.bbc.com/n...siness-37227560


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"old dog, new tricks ..."

#3

Posted 04 September 2016 - 02:57 PM

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Hanjin close down becos RadX buy n eat Chinese Kimchi only

 

now Cosco also goyang ; APL (NOL) sold to CGM chip chip

STX was another casualty already  2 years back (Singapore Listed some more)

 


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#4

Posted 04 September 2016 - 03:10 PM

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Hanjin Shipping Bankruptcy Unlikely to Ease Glut of Vessels

 

The increasingly likely demise of one of the world’s biggest container-shipping companies may offer some short-term relief to a sector battered by a global downturn in trade. It also could hasten further industry consolidation.

What the collapse of South Korea’s Hanjin Shipping Co. won’t likely do is solve the shipping industry’s biggest problem: 30% more space on ships than cargo to fill it amid a world-wide trading slump.

.....

http://www.wsj.com/a...glut-1472841698


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"old dog, new tricks ..."

#5

Posted 04 September 2016 - 03:22 PM

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RadX, i already posted it in recession le



#6

Posted 04 September 2016 - 03:26 PM

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RadX, i already posted it in recession le

I know

This however hits shipping a big deal same as swiber

If really I will merge later. Perhaps the shipping folks want a more convergent approach

Let's see how this goes

U der stand BanCoe
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RESPECT is only for the DEAD!

#7

Posted 04 September 2016 - 03:37 PM

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Hanjing shipping deserves a thread on its own becos someone states that respect is only for the dead.

Many probably can now feel the shiver...
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#8

Posted 04 September 2016 - 04:05 PM

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Sad to see such a big Carrier go🙏🏻
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Live Well 😊

#9

Posted 04 September 2016 - 04:08 PM

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All this slump in shipping is caused by one thing.

 

Miniaturisation of electronics.

 

Last time we had big CRT TV and the ships were full.

 

Now we have slim line LCDs and the ships are 30% empty.

 

Same with PCs into Ipads. Grandfather clocks into small

 

digital ones. Adult education videos in VHS into online

 

streaming and no need shipping.

 

:D 


The Secret to Happiness
is to Simplify and
not to Multiply.

#10

Posted 04 September 2016 - 04:11 PM

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Please always look on the bright side.

 

Less big ships mean less pollution right?

 

And use less oil and less metal etc.

 

Good for planet Earth.

 

:D


The Secret to Happiness
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not to Multiply.

#11

Posted 04 September 2016 - 04:17 PM

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the way people do biz is constantly changing.

 

retail affected by online shopping.

taxi affected by uber/grab

salon affected by $10 express

papers ads affected by digital ads 

restaurants affected by food delivery service and etc...

 

we have to learn to adapt or risk to be placed in a freezer. 

 

 


(i love my old car like i love my money, so i decided to keep an old car and keep my money from LTA)  [thumbsup] 


#12

Posted 04 September 2016 - 04:28 PM

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I worry for coffee shops.

 

Last time people go there and talk nonsense for hours.

 

Now they just post online.

 

:D  


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The Secret to Happiness
is to Simplify and
not to Multiply.

#13

Posted 04 September 2016 - 04:29 PM

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Oil Cartels in SG not affected leh...

 

Cheap crude, expensive pumps.

 

My car still cannot run on air or water alone. Tried diluting 50L petrol with 1L water also cannot work.  :XD:

 

the way people do biz is constantly changing.

 

retail affected by online shopping.

taxi affected by uber/grab

salon affected by $10 express

papers ads affected by digital ads 

restaurants affected by food delivery service and etc...

 

we have to learn to adapt or risk to be placed in a freezer. 

 


Edited by Kangadrool, 04 September 2016 - 04:31 PM.


#14

Posted 04 September 2016 - 06:33 PM

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The consolidation is finally here, did Temasek sell NOL a little too early?

Edited by Voodooman, 04 September 2016 - 06:33 PM.


#15

Posted 04 September 2016 - 06:45 PM

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Oil Cartels in SG not affected leh...

 

Cheap crude, expensive pumps.

 

My car still cannot run on air or water alone. Tried diluting 50L petrol with 1L water also cannot work.  :XD:

 

 

change to diesel car [:p]


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#16

Posted 04 September 2016 - 06:45 PM

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Oil Cartels in SG not affected leh...

 

Cheap crude, expensive pumps.

 

My car still cannot run on air or water alone. Tried diluting 50L petrol with 1L water also cannot work.  :XD:

 

a video on FB shows an engineer using water to replace fuel to run a machine and power up house light successfully. 


(i love my old car like i love my money, so i decided to keep an old car and keep my money from LTA)  [thumbsup] 


#17

Posted 04 September 2016 - 07:37 PM

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Please always look on the bright side.

Less big ships mean less pollution right?

And use less oil and less metal etc.

Good for planet Earth.

:D

Less big ships

mean less wave at ocean?

Logic?

No?

Yes?

:D
Angcheek praised this
Dont get confused between my personality & my attitude...

My personality is who I am...

My attitude depends on who you are...






#18

Posted 04 September 2016 - 08:36 PM

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Less big ships

mean less wave at ocean?

Logic?

No?

Yes?

:D

 

Have you heard of the butterfly effect?

 

:D


The Secret to Happiness
is to Simplify and
not to Multiply.

#19

Posted 04 September 2016 - 10:35 PM

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Problem is when the weaker ones fall the so called survivors take opportunity and jack up freight rates as there is a sudden vacuum and they take opportunity to rake in the money until some consolidation takes place again ;
Don't know if the Kimchi govt will bail out Hanjin as it did bailing out some chaebols (conglomerates) during last Asian crisis : Too many jobs at stake and Hanjin also sold off its good assets so no one wants to take over the rust buckets
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#20

Posted 04 September 2016 - 11:10 PM

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isn't fuel cheaper now? hanjin might be a victim of carrying too much hedge on fuel previously and paying thru their nose for fuel.  cost of ship already sunken, so can't be that. 

 

business point of view, load is dropping, but we in this industry, know that those major electronics manufacturer will ship everything starting now to meet the christmas period.  but the current climate is cold for the freight industry. 


Everyday is a challenge, what makes it difficult is the people around you have to work with.

Driving a lemonade half broken car. Life is a bitch


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