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Full Hanjin ship can not dock because there’s no plan to leave

September 21, 2016 by · Leave a Comment 

The predicament of the Hanjin Miami, one of 10 U.S.-bound ships stranded by the Hanjin bankruptcy, illustrates one way that disputes over ships, ocean containers and even truck trailers

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Full Hanjin ship can not dock because there’s no plan to leave

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Hanjin says U.S.-bound ship is being held ‘hostage’

September 16, 2016 by · Leave a Comment 

“There is no clear visibility yet on what will happen with this business,” Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Since then, the Hanjin Boston, Hanjin Greece and Hanjin Gdynia have begun to unload. As of Wednesday, of Hanjin's 97 container ships, 36 were waiting outside of overseas ports, according to South Korea&#

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Hanjin says U.S.-bound ship is being held ‘hostage’

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Volkswagen says it might not resume U.S. sales of diesel vehicles

September 14, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG said on Wednesday it has not decided if it will resume selling diesel vehicles in the United States, even if it were allowed to, in the wake of the automaker's emissions cheating scandal. The German automaker has been barred from selling diesel vehicles in the United States since late 2015 after it acknowledged using “defeat devices” to evade U.S. diesel emissions standards. The company is in talks with U.S. regulators but approval to…

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Volkswagen says it might not resume U.S. sales of diesel vehicles

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U.S. import prices post first drop in six months, but trend improving

September 14, 2016 by · Leave a Comment 

U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's rally fades. Import prices slipped 0.2 percent last month after gaining 0.1 percent in July. August's drop was the first since February and was led by a 2.8 percent decline in petroleum prices.

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U.S. import prices post first drop in six months, but trend improving

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Hanjin Shipping gets U.S. court order, cash to unload ships

September 10, 2016 by · Leave a Comment 

South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded …

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Hanjin Shipping gets U.S. court order, cash to unload ships