The impact of the bankruptcy filing by South Korean ocean carrier Hanjin Shipping Co. continues to be felt in Hampton Roads.
September 7, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Port of Virginia Announces New Restrictions in Wake of Hanjin Bankruptcy
Hanjin’s Ghost Ships Seek Havens as Food, Water Start to Dwindle
South Korea’s cash-strapped Hanjin Shipping Co. is adrift at sea — and in more ways than one.
Officials Call For Action on Cargo Delivery Crisis at Ports of Los Angeles, Long Beach
Politicians gathered at the Port of Long Beach on Sept. 4 to call for the flow of cargo to Southern California to resume, days after the bankruptcy of one of the world’s largest shipping lines disrupted the global supply chain.
Hanjin Group to Provide $90 Million in Aid to Shipping Line
Hanjin Shipping Co.’s owner will provide $90 million (100 billion won) as part of efforts to contain disruptions to the global supply chain stemming from the container line’s court-receivership filing.
September 6, 2016Opinion: Jake Brakes Keep Drivers Safe on Steep Roads
You can’t work in the trucking industry for long without realizing the interconnectedness of the trucking world — goods with communities, roads with ports, airports and railways, regulations across international and provincial borders and municipal boundaries, you name it. Another connection may not be immediately apparent: Canada’s National Trucking Week and “Jake” brakes.
September 5, 2016Drayage Firms Look for Answers in Wake of Hanjin Shipping Bankruptcy
Trucking companies are scrambling to find answers in the wake of the Hanjin Shipping bankruptcy potentially saddling motor carriers with unreimbursed costs of $100,000 or more.
Truckers Face Wide-Ranging Challenges From Stranded Hanjin Freight
Truckers who are being challenged on multiple fronts by bankrupt Hanjin Shipping’s stranded cargo that they already have are facing additional obstacles as U.S. ports take a variety of approaches to accepting or releasing the Korean carrier’s goods that are on the docks or afloat nearby.
Hanjin Ships Get Stranded in High Seas, Roiling Supply Chain
Hanjin Shipping Co.’s vessels are getting stranded at sea after the South Korean container mover filed for court protection, roiling the supply chain of televisions and consumer goods ahead of the holiday season.
Hanjin Shipping Files for Court Protection After Revamp Rejected
Hanjin Shipping Co. applied for court protection Aug. 31 after failed efforts to secure credit and tide over a cash shortage.
Distressed Hanjin Shipping Co. Becomes Symbol of Industry in Pain
Hanjin Shipping Co., the distressed Korean container mover that filed for court protection Aug. 31, is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.