RadX Moderator September 4, 2016 Share September 4, 2016 As per title @bancoe happy? Pls link the article. I Sunday oso no rest... Nb Lol ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic September 4, 2016 Share September 4, 2016 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/news/business-37227560 1 Link to post Share on other sites More sharing options...
BanCoe Hypersonic September 4, 2016 Share September 4, 2016 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) 4 Link to post Share on other sites More sharing options...
Blueray Hypersonic September 4, 2016 Share September 4, 2016 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/articles/hanjin-shipping-bankruptcy-further-consolidation-unlikely-to-help-industrys-capacity-glut-1472841698 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic September 4, 2016 Share September 4, 2016 @radx, i already posted it in recession le Link to post Share on other sites More sharing options...
RadX Moderator September 4, 2016 Author Share September 4, 2016 @radx, i already posted it in recession leI 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 2 Link to post Share on other sites More sharing options...
mersaylee Supersonic September 4, 2016 Share September 4, 2016 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... 5 Link to post Share on other sites More sharing options...
FourZero Hypersonic September 4, 2016 Share September 4, 2016 Sad to see such a big Carrier go 4 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2016 Share September 4, 2016 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. 6 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2016 Share September 4, 2016 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. Link to post Share on other sites More sharing options...
Yeobt Supercharged September 4, 2016 Share September 4, 2016 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. Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2016 Share September 4, 2016 I worry for coffee shops. Last time people go there and talk nonsense for hours. Now they just post online. 3 Link to post Share on other sites More sharing options...
Kangadrool Supersonic September 4, 2016 Share September 4, 2016 (edited) 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. 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 September 4, 2016 by Kangadrool Link to post Share on other sites More sharing options...
Voodooman Supersonic September 4, 2016 Share September 4, 2016 (edited) The consolidation is finally here, did Temasek sell NOL a little too early? Edited September 4, 2016 by Voodooman Link to post Share on other sites More sharing options...
Shibadog Turbocharged September 4, 2016 Share September 4, 2016 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. change to diesel car 1 Link to post Share on other sites More sharing options...
Yeobt Supercharged September 4, 2016 Share September 4, 2016 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. a video on FB shows an engineer using water to replace fuel to run a machine and power up house light successfully. Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic September 4, 2016 Share September 4, 2016 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. Less big ships mean less wave at ocean? Logic? No? Yes? 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 4, 2016 Share September 4, 2016 Less big ships mean less wave at ocean? Logic? No? Yes? Have you heard of the butterfly effect? ↡ Advertisement Link to post Share on other sites More sharing options...
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