The shipping and oil and gas industry are in dire straits.
Hanjin Shipping – No longer too big to fail!
The biggest news lately is the collapse of Hanjin Shipping leaving so many ships, cargo and crew stranded globally. Even the state-owned company is clearly “not too big to fail”. Korean government decided not to inject anymore capital in the mismanaged company burdened with >$5 billion in debt.
Hanjin’s collapse is considered by some analysts to have the same detrimental impacts in the shipping industry liken to that of Lehman’s brother’s to the financial industry. Almost over 80 ships are released into the market now. Clearly there are no signs of any short-term recovery due to the over-supply.
So do you think Temasek made the right decision to sell NOL?
Oil and Gas – long harsh winter
Almost two years of depressed oil price has sent shivers down the spines ...
...