Hanjin Shipping bankruptcy

Hanjin Shipping bankruptcy

Hanjin Shipping filed for bankruptcy protection Aug. 31, 2016, after months of trying to raise liquidity and restructure its debt, triggering a mad scramble by shippers to locate and gain control of their containers. Hanjin vessels have been arrested and ports are refusing to work Hanjin ships for fear they will not be compensated. Hanjin Shipping's collapse is by far the largest container shipping bankruptcy in history and the consequences will continue to reverberate throughout international supply chains and the transportation sector.

 

 

Special Coverage

The amount of time container ships spend at port continued to rise in the first half of 2019, despite relative gains in terminal efficiency, according to an analysis of JOC.com port productivity data.

News & Analysis

22 Oct 2019
India’s port development efforts include reinvigorating dozens of minor coastal harbors in order to enhance their freight handling capability.
22 Oct 2019
After a lengthy hiatus, the Export-Import Bank of the United States (EXIM) recently approved a $5 billion loan to finance US exports for the development of a liquefied natural gas (LNG) project in northern Mozambique.
21 Oct 2019
The International Maritime Organization’s low-sulfur fuel mandate will cause all-in container freight costs to rise next year, but there is a bigger bill coming in the form of decarbonization.
21 Oct 2019
Recently imposed tariffs, a persistent oversupply of vessels, and evolving shipper requirements are redrawing traditional trade lanes for multipurpose and heavy-lift (MPV/HL) carriers.
21 Oct 2019
The South Carolina Ports Authority outlined a vision of expanding capacity at the Wando Welch Terminal and a new Hugh K. Leatherman Terminal to handle the next generation of containerships.
21 Oct 2019
In his JOC LogTech keynote presentation, Abir Thakurta, supply chain vice president for retailer Havertys, addressed the tech burnout many in the supply chain industry feel with new technologies.

Commentary

A revolution is coming in freight forwarding, driven by cargo owners who seek more predictable deliveries to secure revenue faster and reduce inventory.

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Video



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