The Business Times
business-time-50

Shipping line Hanjin claims price gouging at US ports

google-preferred-sourceAdd BT as a preferred source
Published Sun, Sep 25, 2016 · 09:50 PM

    New York

    HANJIN Shipping Co and its customers are being asked to pay more than usual to bring freight into US ports, creating a backlog that could keep goods off shelves during the holiday shopping season.

    Dockside servicers and transportation companies are demanding higher fees to unload and deliver cargo that was stranded aboard the South Korean shipping line's vessels when it collapsed last month, lawyers said at a hearing on Friday in Newark, New Jersey, bankruptcy court.

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Targeted for completion in 10 months, the oil terminal will comprise two floating-roof tanks that can store 3.5 million litres of diesel and 2.5 million litres of petrol.

    Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    More interest in prime condos comes amid a softening in the broader private residential market.

    Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More