The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.
Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.
US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.
Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.
Precariously low West Coast vacancy rates for warehouse and distribution space are sending a stark message to shippers: Expect to pay even more to carry your goods, or rework your containerized supply chains.
The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.
A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.
Seatrade's order underscores the strength of the reefer market.
The attorney for a fuel company with a lien for services provided to a ship operated by Hanjin Shipping has accused attorneys for the carrier of failing to report when the charter for the vessel was terminated.
Eimskip’s acquisition spree continues with the purchase of a Netherlands-based forwarder.