The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.
US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.
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.
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.
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.
Maersk Line has resumed calls to Iran after a five-year hiatus.
SAL Heavy Lift has won a contract from the Dutch offshore construction company Van Oord.
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.