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

18 Oct 2019
Dockworkers involved in contract negotiations at the Port of Montreal received support this week from an international union that attended a hearing on whether the ports are so important to public health and safety that they can’t be subject to a strike or a lockout.
17 Oct 2019
GCT has joined with a number of other terminal operators in participating in the IBM- and Maersk-developed TradeLens platform to get better access to container data and visibility.
17 Oct 2019
APM’s terminal at the Port of New York and New Jersey, which is undergoing a major upgrade, will be led by an executive with shipping, intermodal and chassis experience, starting Nov. 1.
17 Oct 2019
US imports from China fell 9.3 percent in September, the fifth straight monthly decline. Coupled with 37 blank sailings for October and November, it appears peak season will end on a sour note.
El Dorado, a new tech experience at TPM20
17 Oct 2019
The two-day "El Dorado" tech experience will address the growing need among beneficial cargo owners, third-party logistics providers, container lines, ports, and other freight transportation interests to understand the true value of technology and navigate an increasingly complex landscape of vendors and emerging technologies.
17 Oct 2019
Citing environmental concerns, most carriers are rejecting the northern sea route through the Arctic as an option for container shipping, despite the commercial benefits derived from the shorter transit.

Commentary

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

More Commentary

Video



IHS Markit Chief Economist Nariman Behravesh shares his outlook for global economic and trade growth with attendees at the 18th Annual TPM Conference at a time of growing uncertainty surrounding fiscal and trade policy.



CEO and Executive Director of the Port of Virginia John Reinhart and JOC Executive Editor Mark Szakonyi discuss the year ahead at the Port of Virginia amid growing volumes and shifting transportation landscape.



Sponsored: Port of Long Beach Executive Director Mario Cordero discusses big-ship ready improvements, in