Hanjin’s creditor protection proceeding is not causing any problems for HHLA. Hanjin is a rather small shipping company for Hamburg and open trade receivables are covered by an insurance policy in the first place. The port is still in the process of deciding how to treat newly-calling ships, i.e. whether these will be allowed into the port or whether it will ask for cash first before containers are unloaded.
01 Sep 2016
Hamburger Hafen secures its receivables
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Hamburger Hafen secures its receivables
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
01 Sep 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Hanjin’s creditor protection proceeding is not causing any problems for HHLA. Hanjin is a rather small shipping company for Hamburg and open trade receivables are covered by an insurance policy in the first place. The port is still in the process of deciding how to treat newly-calling ships, i.e. whether these will be allowed into the port or whether it will ask for cash first before containers are unloaded.