Category Archives for Industry News

Hanjin Group to spend .7M to rescue stranded containers Hanjin Group and chairman Cho Yang-ho said Tuesday they would collectively spend 100 billion South Korean won ($90.7 million) to offload containers from Hanjin… Hanjin Group to spend .7M to rescue stranded containers Journal of Commerce

European shippers push back against terminals on Hanjin fees European shippers and freight forwarders are stepping up efforts to stop ports and terminals demanding “excessive” fees to release containers unloaded from the vessels of Hanjin Shipping, the ailing… European shippers push back against terminals on Hanjin fees Journal of Commerce

Hanjin collapse takes 150,000 TEU out of Asia-Med trade Hanjin Shipping’s collapse has been a disaster for shippers across the world, but on the oversupplied Asia-Mediterranean trade it means the sudden removal of 150,000 twenty-foot-equivalent units from the market where it enjoyed a 9… Hanjin collapse takes 150,000 TEU out of Asia-Med trade Journal of […]

Panama Canal provides ro-ro operators flexibility, savings The Panama Canal’s expanded locks, which provide container lines with a new route… Panama Canal provides ro-ro operators flexibility, savings Journal of Commerce

Hanjin bankruptcy fallout headed to inland warehouses The bankruptcy of Hanjin Shipping is sending waves of disruption inland, as non-vessel-operating common carriers, shippers, warehouse operators and truckers sort out how and when shipments will be released and moved to distribution points and customers. “There’s definitely… Hanjin bankruptcy fallout headed to inland warehouses Journal of Commerce

Trans-Pacific spot rates spike as Hanjin flounders Spot freight rates on containerized imports from Asia soared this week by more than 44 percent due to previously-filed general rate increases, problems surrounding Hanjin Shipping’s financial woes and very tight capacity as the peak-shipping… Trans-Pacific spot rates spike as Hanjin flounders Journal of Commerce

Storm halts port work as it moves up East Coast Tropical Storm Hermine affected port operations from Jacksonville, Florida, to Charleston, South Carolina, as it moved up the… Storm halts port work as it moves up East Coast Journal of Commerce

Asia-Europe spot rates rocket after Hanjin collapse Spot freight rates on Asia-Europe shot up 37 percent this week as the market reacted to a Hanjin-free environment, further compounding shipper blues as they try to secure the release of their boxes and… Asia-Europe spot rates rocket after Hanjin collapse Journal of Commerce

US truckers, chassis providers struggle with Hanjin chaos Hanjin Shipping’s collapse has left US motor carriers and intermodal equipment providers scrambling to limit their financial exposure and wondering what to do with chassis carrying the… US truckers, chassis providers struggle with Hanjin chaos Journal of Commerce

CMA CGM assures customers over Hanjin collapse CMA CGM has drawn up a contingency plan to protect the French carrier’s customers from any fallout from the collapse of Hanjin Shipping, which is challenging… CMA CGM assures customers over Hanjin collapse Journal of Commerce