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

Forty-seven of the top 50 global transportation providers saw revenues rise in 2018, benefitting from a strong global economic growth and growing anticipation of reciprocal tariffs between the United States and China.

News & Analysis

15 Nov 2019
Maersk continues to improve its profitability, helped by falling bunker prices and a greater focus on capacity management.
14 Nov 2019
Virginia Governor Ralph Northam unveiled an international trade plan to boost exports by 50 percent in the next 15 years, a key initiative since laden exports fell between January and August for the second consecutive year.
14 Nov 2019
German carrier Hapag-Lloyd saw its volume fall slightly through the peak season, but managed to get rates to move up despite the weak shipping environment.
14 Nov 2019
The increasing cargo and vessel size at the Port of New York and New Jersey will present a major test to the port’s new leadership as the port seeks to consolidate its dominance on the East Coast container market while improving fluidity.
13 Nov 2019
A New Jersey law that reshapes the way the state assesses whether a worker is an independent contractor or an employee has triggered opposition from truckers who say it will damage the Port of New York and New Jersey’s drayage fleet.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.

Commentary

We’ve been hearing about “density-based pricing” for less-than-truckload (LTL) shipments and “dimensional weigh

More Commentary

Video



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