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Hanjin's biggest creditor hesitant with financial help

While USD 14 billion worth of cargo is stranded on Hanjin's vessels, the carrier's biggest creditor, Korea Development Bank, is hesitant to fork out financial aid, reports Reuters. 11,000 jobs are in danger in port city Busan.

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Maersk Line's acquisition of Hamburg Süd weakened by authorities

Requirements from authorities in China and the EU have made the conditions surrounding Maersk Line's acquisition of Hamburg Süd more difficult, says former Managing Director of Maersk Line in Latin America, Michael Kaasner Kristiansen. US-based Sealand could be a joker in the new Maersk.

Lauritzen CEO: On the right track, but it will take time

Dry bulk carrier J. Lauritzen finished the third quarter with an operating deficit of USD 9.8 million. Positive with a better dry bulk market, but the carrier is still some way off from turning a profit, CEO Mads Zacho tells ShippingWatch.

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