Hanjin Shipping secures $45 million, more may take ‘considerable time’
The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper’s vessels, a spokesman said, but regulators warned securing further funds could take “considerable time.”
South Korea says tough luck to Hanjin as shipping line sinks
The South Korean government, long a bastion of support for the country’s big conglomerates, is sticking to its hard-line stance on Hanjin Shipping Co Ltd (117930.KS), whose collapse is roiling global supply chains. http://www.reuters.com/article/us-hanjin-shipping-debt-southkorea-idUSKCN11J0MO?il=0APM Terminals’ Los Angeles Pier Gets Ready for Mega-Ships
The first of ten ship-to-shore (STS) cranes at the APM Terminals Los Angeles Pier 400 facility was raised 33 feet, making it the tallest port crane in North America, ahead of regular Ultra-Large Container Vessel (ULCV) calls in the trans-Pacific trade lanes, according to the terminal operator.
Comprehensive Economic and Trade Agreement (CETA)
The Comprehensive Economic and Trade Agreement (CETA) is a freshly negotiated EU-Canada treaty. Once applied, it will offer EU firms more and better business opportunities in Canada and support jobs in Europe.
TTIP has failed – but no one is admitting it, says German Vice-Chancellor Sigmar Gabriel
Germany’s Vice-Chancellor said in 14 rounds of talks neither side had agreed on a single common chapter out of the 27 being deliberated.
The free trade negotiations between the European Union and the United States have failed, but “nobody is really admitting it”, Germany’s Vice-Chancellor Sigmar Gabriel has said.