Although advancements in equipment, refrigeration systems, and software and technology help to mitigate risks, a dynamic global cold chain in perpetual flux means there are always new challenges to confront.
A federal bankruptcy judge on Friday agreed that non-vessel-operating common carriers should be covered by part of a protective order granted two weeks ago that was intended to help smooth the release of tens of thousands of containers trapped on Hanjin Shipping vessels and terminals around the globe.
Hanjin Shipping told a US District Bankruptcy Court Friday how it would handle the late return of containers.
Trans-Pacific spot rates remained stuck in a narrow range this week even though the trade was roiled by the Hanjin Shipping bankruptcy and vessels are approaching full utilization.
Asia-Pacific container lines could be in the best position they have been in for years when contract talks start later this year.
An intense focus on cost cutting by carriers is having an impact on customers.
“K” Line accuses APL Logistics of telling the latter’s customers that the Japanese container line could go bankrupt.
Krishnapatnam Port is targeting western hinterlands served by Jawaharlal Nehru Port Trust, the country's biggest public container handler.
The government of India has announced more port tariff incentives to get roll-on, roll-off shippers to use coastal shipping more.