The Port of New York and New Jersey reported a drop in container traffic in September 2016 versus a year ago, Transport Topics reports. The decline can be attributed primarily to the Hanjin bankruptcy and the COSCO-China Shipping merger, say a NY-NJ port spokesman....
How Environmentalists Helped Boost Oil Prices: WSJ MoneyBeat
Environmental activists and Saudi-oil dealers aren’t usually on the same team. But the week of October 17, their combined efforts sent oil to a one-year high, reports Tim Puko for the Wall Street Journal’s MoneyBeat blog. Drawing on trade data from Datamyne and...
CubaTrade16 Takeaway: Progress toward Reopening Market Uneven – Miami Herald
With just months left before the end of the Obama administration, the clock is ticking for new business and regulatory overtures toward Cuba. Reporting from the Datamyne-NEXCO October 13 conference, Preparing for Trade with Cuba, the Miami Herald’s Mimi Whitefield...
Hanjin Woes Aren’t Gumming up Hampton Roads – Virginian-Pilot
Three weeks after South Korea’s Hanjin Shipping filed for bankruptcy, it looks like the cavalry may be mounting up, reports the Virginian-Pilot. The Korea Development Bank has offered Hanjin a new line of credit, and parent company Korean Air Lines okayed a lending...
Hanjin Bankruptcy Creates LA Port Problems – Apparel News
While importers have been able to retrieve cargos arriving at Los Angeles and Long Beach aboard Hanjin Shipping vessels, the bankrupt carrier is not accepting empty containers or container filled with export merchandise, as reported by California Apparel News...
Wine Retailers to Feel Little Pain from Hanjin – Wine Industry Insights
In contrast to the abject fears of cell phone, toy and computer retailers, drinkers of imported wine and their favorite stores are not likely to feel any holiday pain from the insolvency of South Korea’s Hanjin Shipping, according to Wine Industry Insights. Based on...
Hanjin Shipping Set to Be Holiday Scrooge – US News & World Report
Billions of dollars of merchandise tied up in the Hanjin Shipping bankruptcy But what if the Hyundai deal falls through, asked Global Trade, and Hyundai is not able to ride to the rescue. Details of the potential disruption to the supply chains of companies in the US...
Hanjin Shipping’s Woes Leave $14B in Cargo Stranded – Wall Street Journal
Dozens of ships carrying more than half a million cargo containers on Hanjin Shipping vessels were denied access to ports because of uncertainty about who would pay docking fees, container-storage and unloading fees in the week after the South Korean carrier filed for...
Global Trade Details Supply Chains at Risk in Hanjin Crisis with Datamyne
As of Labor Day, Global Trade was taking legal steps to prevent seizures of its ships and Hyundai Merchant Marine was in talks to take on some of the bankrupt carrier’s assets and customers. But what if the Hyundai deal falls through, asked Global Trade, and Hyundai...
LATimes Uses Datamyne to Gauge Ports’ Exposure to Hanjin Crisis
California officials called for the flow of cargo to the state’s ports to resume after the bankruptcy of Hanjin Shipping stopped the South Korean carrier’s vessels from their scheduled arrivals, the Los Angeles Times reported over the Labor Day weekend. The bankruptcy...