Behind the world's seventh largest shipping company suddenly fallen

? ? ?August 31, the company decided to Hanjin Shipping Seoul Central District Court for statutory management (refers to the brink of closure of enterprises, management of third party designated by the court) at the Council meeting held on. As the world's seventh largest, South Korea's largest liner shipping company, Hanjin Shipping's announcement triggered a global concern.

? ? ?According to Korean media previously reported, August 25 Japan and South Korea into the ocean had asked creditors to Hanjin Group invested 50 billion won (about 450 million US dollars) to fund the core content of the independent reconstruction plan, but rejected the creditors. Data show that as of the end of last year, Hanjin Shipping debt more than 6.6 trillion won (US $ 5.9 billion), debt to equity ratio of nearly 850%. The first half of this year, Hanjin Shipping accumulated losses of 473 billion won.

? ? ?Hanjin employee said chairman Hanjin August 31 to employees of internal mail has been sent, the effect is to accept the reality of bankruptcy, allow employees to wait patiently to take over the company by the modern ocean. Allegedly, the modern ocean is second only to South Korea's second-largest shipping company Hanjin Shipping. Insiders pointed out that the worst effects of Hanjin Shipping is currently facing is the ultimate into liquidation, then it will be the world's largest shipping industry for over thirty years a shipping company declared bankruptcy.

? ? ?According to Alphaliner data, as of August 1 this year, Hanjin Shipping has a fleet size of 100, 616 800 TEU (TEU), accounting for 3.0% of global market share. After it filed for bankruptcy protection, including the world's major ports and retailers are in disarray, Hanjin vessels blocked inbound and outbound container detention led to the recent shipping costs rose.

? ? ?First, the delay in shipment, spread to the world

? ? US retailers are Hanjin drag, we have asked the government to intervene and help solve the immediate crisis. US Retail Industry Leaders Association President John F. Kennedy in a Letter to the US Department of Commerce and the Federal Maritime Commission said Hanjin carrier for the US market to about 8% of Pan Pacific shipping trade, bankruptcy case has made the United States facing the shipping company huge challenge, but also may have a significant impact on consumers and the economy as a whole.

? ? Today, terminal operators, ports, cargo handling companies, truck drivers and other parties have refused to handle cargo Hanjin, it was not clear whether to get paid. Shipping companies, importers and shipping agents said that this is causing confusion in US ports and other areas.

? ? At the same time, ports in China, Singapore, Canada, Spain and other countries will also Hanjin vessels turned away. Asian freight forwarders said it expects about 540,000 containers facing delivery delays. One of the agents said, the delay time may vary from a few days to a month.

? ? The Hanjin wher CKYHE other four members of the Alliance (COSCO Shipping, Evergreen Marine of Taiwan, Taiwan's Yangming and Kawasaki Kisen) has also recently decided to fully suspend changing cabins and Hanjin conduct cooperation! For the upcoming been shipped or the shipment of COSCO Group, said the smooth transfer of goods, or to other members of the unio of COSCO service routes, to seek to block the transport of possible reduced to a minimum.
Ma This recommendation written G20 communique, to build a global e-commerce platform

? ? ? Logistics refers to the smell

? ? ?Sept. 6 news, the G20 summit communique officially released, Hangzhou, a total of 48 full text, including the preamble, to strengthen policy coordination, innovation and growth, building a more efficient global economic and financial governance, promote global trade and more robust investment, promote tolerance and joint development, the impact of other major global challenges of the world economy, most of the seven. It is worth noting that Ma vigorously respected eWTP (global e-commerce platform) is written in Article 30 of the communique.
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? ? ? The communiqué said, welcomed the Group of Twenty-China Business Summit (B20) interest in strengthening trade and other digital work, and noted that B20 requires global initiative to build e-commerce platform.

? ? ? According to B20 proposition, eWTP by the enterprise as the representative of private sector-led, will actively dialogue with the government and other public sectors. It is envisaged that Ma, which will create one of their own SMEs worldwide, free and fair trade, open platform for SMEs, for young people to solve the problem.

? ? ? Article 30 translation as follows: We support the adoption of policies to ensure that enterprises, especially women and young entrepreneurs, women-led businesses and SMEs, regardless of size, can benefit from global value chains, and to encourage developing countries, particularly low-income countries to participate in global value chains at a higher level, more value-added to high-end mobile. We welcome the Group of Twenty summit BUSINESS interested in strengthening trade and other digital work, noting its initiative to build a global e-commerce platform.?