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.
Eight dockworkers boarded a container ship berthed at Santos as part of ongoing industrial action in the harbor.
Hanjin Shipping told a bankruptcy court in Newark, New Jersey Friday that railways, terminal operators and container lessors are gouging the South Korean line’s shippers by asking those cargo owners to pay more than usual to bring freight into US ports, in the wake of Hanjin’s recent bankruptcy filing.
Hanjin Shipping told a US District Bankruptcy Court Friday how it would handle the late return of containers.
US importers stand to see faster clearance of their containers as Customs and Border Protection expands a pilot providing pre-clearance of shipments from four ports to every port in the country.
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.
A stronger export season is taking shape in the westbound trans-Pacific.
“K” Line accuses APL Logistics of telling the latter’s customers that the Japanese container line could go bankrupt.