by Descartes Datamyne | Sep 8, 2016 | Industry Coverage
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...
by Descartes Datamyne | Sep 7, 2016 | Industry Coverage
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...
by Descartes Datamyne | Sep 6, 2016 | Industry Coverage
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...
by Descartes Datamyne | Sep 4, 2016 | Industry Coverage
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...
by Descartes Datamyne | Sep 2, 2016 | Industry Coverage
While Hanjin Shipping’s plunge into receivership has caused chaos for non-vesssel-operating common carriers (NVOs) around the world, it appears some NVOs saw the writing on the wall prior to August. That is American Shipper’s conclusion (subscription access) after...