Category Archives for Industry News

Shipper exposure to Hanjin collapse goes far beyond CKYHE, report shows Shippers using CKYHE Alliance partners of Hanjin Shipping had the most exposure to the liner’s collapse, but United Arab Shipping Co., MOL, and NYK Line… Shipper exposure to Hanjin collapse goes far beyond CKYHE, report shows Journal of Commerce

Container-on-barge launches across NY-NJ port harbor The first barge to sail in a new cross-harbor service designed to productivity in the Port of New York and New Jersey will embark Thursday, linking Brooklyn with the Port Newark Container… Container-on-barge launches across NY-NJ port harbor Journal of Commerce

More carriers deploy extra loaders to grab Hanjin market share Hanjin Shipping’s collapse has set off a rush by other container lines to add services and “extra loader” voyages to pick up the South Korean carrier’s abandoned market share on… More carriers deploy extra loaders to grab Hanjin market share Journal of Commerce

Next wave of liner consolidation seen in three to four years CHARLESTON, South Carolina — The container shipping industry hit bottom in 2016 and is poised to experience three to four years of relative stability before going through another round of consolidation, industry analyst Lars Jensen said Tuesday. Jensen, partner and CEO of SeaIntel Consulting […]

Hanjin vows to resolve ongoing crisis Hanjin Shipping has said it regrets the bottlenecks and complications that have arisen from its bankruptcy and promised to resolve these issues as soon as possible. The company also laid… Hanjin vows to resolve ongoing crisis Journal of Commerce

Hanjin Shipping liquidation likely Shipping restructuring specialists speaking at the Capital Link New York Maritime Forum on Sept. 13 predicted that Hanjin Shipping will ultimately be liquidated, not rehabilitated. Hanjin will likely be… Hanjin Shipping liquidation likely Journal of Commerce

Three lines’ trans-Pacific service adds Oakland call The Port of Oakland will be added to the weekly trans-Pacific service of the Calco-C service operated by “K” Line, Wan Hai Lines, and Pacific… Three lines’ trans-Pacific service adds Oakland call Journal of Commerce

Hapag-Lloyd CEO: Container shipping recovery set to recover in 1-2 years HAMBURG — The container shipping industry is approaching an improved business environment as a range of factors that support a better supply and demand equilibrium start to take hold,… Hapag-Lloyd CEO: Container shipping recovery set to recover in 1-2 years Journal of Commerce

GLP expands US footprint with .1 billion logistics portfolio takeover GLP has agreed to acquire the $1.1 billion logistics portfolio from Hillwood Development Company as the Singapore-listed logistics property developer expands its already sizeable presence in the US market.The transaction will take GLP’s US footprint to 187 million square feet. GLP said in a statement […]

Second Hanjin ship to call US port following bankruptcy The second of… Second Hanjin ship to call US port following bankruptcy Journal of Commerce