Market Update: Hanjin Shipping Facing Insolvency
Media reports this week have confirmed that Hanjin Shipping Corporation has filed for Court Receivership after creditors rejected the debt restructuring plans for the largest container shipping line in South Korea. Presently, the situation with regard to the group and its assets, including dry bulk and container shipping lines, containers and interests in Ports and Terminals around the globe is fluid and Crawford® Marine will be keeping a close watch as matters develop.
D. Richard Williams Elected to Crawford® Board
The Crawford & Company® Board of Directors has elected D. Richard Williams to serve as a member of its Board.
Crawford & Company® Board Declares Quarterly Dividends
On February 9, 2016, at its regular quarterly meeting, the Board of Directors of Crawford & Company declared a quarterly dividend of $0.07 per share on the Class A Common Stock and $0.05 per share on the Class B Common Stock, payable on March 10, 2016, to shareholders of record as of the close of business on February 25, 2016.