A federal judge has allowed a bank to foreclose on and sell its interest in more than 1,500 Hanjin Shipping containers to repay the bank for owed lease payments.
Alphaliner executive consultant Hua Joo Tan's speech at the 17th annual TPM Conference took a look at where ocean capacity currently stands in relation to demand.
The decision on the deal, said to be worth around $4 billion, was due on March 27.
A smooth rollout is not expected.
It is not only dry containers where freight rates are heading for the stars.
The Department of Justice is targeting a “gray area” between its authority and that of the Federal Maritime Commission.
Pace of service contracting should heat up as soon as final questions about new carrier alliances are answered.
El Coqui slid into the water Monday.
One theme that popped up in a number of panel discussions at the JOC's 17th Annual TPM Conference was a changing of the paradigm that defines relationships between carriers and shippers.
Cargo booking exchange platform secures funding of $8.5 million from GE and Goldman Sachs, among others.