Category Archives for Industry News

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

Tension between shippers and container lines over invoice accuracy rises Declining shipping rates and slowed revenue growth due to faltering global demand have heightened tension between some container lines and shippers over the accuracy of invoices… Tension between shippers and container lines over invoice accuracy rises Journal of Commerce

Some NVOs saw Hanjin collapse months before bankruptcy filing Non-vessel-operating common carriers as an industry saw signs of the Hanjin Shipping collapse months before the South Korean container line… Some NVOs saw Hanjin collapse months before bankruptcy filing Journal of Commerce

Hanjin Group approves spending to rescue stuck cargo The board of Korean Air Lines has approved spending by the Hanjin Group of 60 billion South Korean won ($55 million) as part of… Hanjin Group approves spending to rescue stuck cargo Journal of Commerce

US court moves stranded Hanjin containers closer to release NEWARK — A federal judge on Friday extended the temporary order giving protection to Hanjin Shipping vessels to prevent their seizure in at least four US ports, and moved close to approving… US court moves stranded Hanjin containers closer to release Journal of Commerce

Flat Trans-Pacific spot rate after Hanjin surge suggests space available Spot freight rates from Asia to the US held after a surge last week, but the failure to rise further this week suggests importers are finding space on… Flat Trans-Pacific spot rate after Hanjin surge suggests space available Journal of Commerce

Hanjin says it has cash to pay for unloading US cargo NEWARK — A South Korean bankruptcy court has approved the use of $10 million by Hanjin Shipping to unload four… Hanjin says it has cash to pay for unloading US cargo Journal of Commerce

Hanjin’s largest shareholder delays container rescue spend Hanjin Shipping’s attempt to get stranded cargo to shipper customers was dealt a setback after the board of its largest shareholder Korean Air Lines could not come to a decision regarding spending for a rescue… Hanjin’s largest shareholder delays container rescue spend Journal of Commerce

Korean feeders to join HMM in new intra-Asia alliance South Korea’s No. 2 liner operator Hyundai Merchant Marine will form an intra-Asia alliance with local feeder operators Korea Marine Transport, Sinokor Merchant Marine and Heung-A Shipping.The quartet, termed Mini Alliance, will deploy a total of… Korean feeders to join HMM in new intra-Asia alliance Journal […]

Industry must prepare for the worst in South China Sea Containerized shippers and American companies that do business in or with China may be on the verge of the ultimate “black swan” event, an international crisis that threatens assets, shipping and supply chains, as well as the safety of employees. Reuters reports that China’s military, […]