Category Archives for Industry News

Deadline for filing Hanjin claims in South Korean court looms NEWARK, New Jersey — Creditors of Hanjin Shipping have just four days to make a claim against the troubled container line, and must file it in the South… Deadline for filing Hanjin claims in South Korean court looms Journal of Commerce

Trans-Pacific cargo rolled on spot rate strength and late peak-season surge US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices and vessel utilization inches us on a late peak-season surge. While the increased freight… Trans-Pacific cargo rolled on spot rate […]

Carriers line up Nov. 1 rate increases on Asia-Europe trade Spot rates on the Asia-Europe and Asia-Mediterranean trades remained more or less flat this week as carriers began preparing the market for some hefty rate hikes from Nov. 1.The Asia-Europe rate was $761 per… Carriers line up Nov. 1 rate increases on Asia-Europe trade Journal […]

Low warehouse vacancy rates around West Coast ports to force higher rents or new routing Vacancy rates for warehouse and distribution space in the major West Coast port regions are precariously low, sending a stark message to shippers: Expect to pay even more to carry your goods or… Low warehouse vacancy rates around West Coast […]

Hanjin ordered by US judge to release cargo if freight costs paid NEWARK, New Jersey — A federal judge ruled Thursday that Hanjin Shipping must release cargo for which a beneficial cargo owner had paid the freight charges, blocking the carrier’s efforts to use the freight to demand payment from the shipper of accounts receivable […]

Last two Hanjin ships set to call NY-NJ port The Hanjin Bremerhaven, just released from arrest outside the Panama Canal, is expected to stop at the Port of New York and New Jersey Friday, the penultimate Hanjin Shipping vessel scheduled to berth at the port with cargo stranded by the container line’s financial disarray. The […]

Seatrade reefer box order underscores demand strength Seatrade, the Antwerp-based global refrigerated cargo carrier, has placed an order with Maersk Container Industry for 4,000 refrigerated containers for its expanding fleet, underscoring the strength of the reefer market in contrast to the depressed conventional… Seatrade reefer box order underscores demand strength Journal of Commerce

Hanjin accused of deception in avoiding US ship seizure NEWARK, New Jersey — The attorney for a fuel company that serviced a ship under charter to Hanjin Shipping has accused attorneys for the carrier of “purposely deceptive behavior” that allowed the vessel to leave US jurisdiction Saturday owing a fuel company $837,338 that likely cannot […]

Eimskip acquisition spree continues with reefer forwarder Eimskip’s acquisition spree continues with the purchase of a Netherlands-based forwarder that specializes in refrigerated shipments near the busiest port in Europe, Rotterdam. The purchase of Extraco Internationale Expedite is Eimskip’s second acquisition of a reefer forwarder operating near Rotterdam in two years and helps… Eimskip acquisition spree […]

LA-LB’s multi-faceted big ship strategy shows work ahead for other US ports HUNTINGTON BEACH, California — The more than decade-long comprehensive effort mounted by terminal operators in Los Angeles-Long… LA-LB’s multi-faceted big ship strategy shows work ahead for other US ports Journal of Commerce