Hanjin Cargo Owners Say Bid to Unload Vessels Isn’t Working
Bankrupt Hanjin Shipping Co.’s efforts to unload vessels in the United States while it goes through bankruptcy in South Korea are meeting with complaints from cargo owners and from the companies that service and equip its fleet.
September 16, 2016Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says
The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG CEO Rolf Habben Jansen said.
September 15, 2016Looming Trailer Shortage Newest Hanjin Bankruptcy Crisis
The bankruptcy of Korean ocean liner Hanjin Shipping Co. is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move containers on U.S. roads.
September 15, 2016Port of Wilmington Closely Watching Hanjin Bankruptcy Rescue
The Port of Wilmington is closely watching as one of its clients — South Korean company Hanjin Shipping —attempts to fight its way back from the brink of bankruptcy.
September 14, 2016Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling
A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Sept. 10 at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.
September 12, 2016Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says
Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an inflow of new clients after the collapse of Hanjin Shipping Co.
September 12, 2016Hanjin Bankruptcy Saddles Trucking Fleets With Widespread Losses, Executives Say
Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.
September 12, 2016Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil
Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.
September 12, 2016From Steaks to Furniture, Hanjin Shipping Collapse to Raise Freight Costs
The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.
September 9, 2016Hanjin Bankruptcy Could Affect US Holiday Sales
Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.
September 8, 2016