Some North American marine terminals have refused to work Hanjin Shipping vessels for fear they will not be compensated.
Japanese shipping group "K" Line has set up a joint venture with India’s J.M. Baxi Group.
Multipurpose carrier's average rates per ton fall 20 percent amid industry-wide overcapacity.
Sharp spot rate increases could take effect as soon as Thursday.
The idle container ship fleet remains above 1 million 20-foot-equivalent units and is still rising.
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
The days of multiuser container terminals could be coming to an end, according to the head of a Colombian container terminal.
Mediterranean Shipping Co. has introduced a new container service between India and Africa to “improve transit times and enhance delivery to those destinations.”