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...
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...
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...
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...
The bankruptcy of Hanjin Shipping has left thousands of TEUs in cargos at sea, with Hanjin vessels being turned away from ports of entry or, as reported by CNBC, seized in Chinese ports. Ranked sixth in market share for Asia-North America shipping routes in first-half...
Hanjin Shipping’s drift into receivership is roiling global trade as its ships are refused entry at ports – or seized – and freight rates surge. Reuters has tracked the developing story with updates through the last weeks of August – including an August 29 report on...
If US government restrictions on trade with Cuba were lifted, Cuba could generate $5.9 billion annually in American exports, reports Columbus CEO. Ohio’s diverse economy, which includes agriculture, fashion, manufactured goods, medicine, pharmaceuticals,...
Lithium is this year’s “hottest metal,” says USA Today, beating out gold, with another price spike expected this fall. There are no exchange reference prices for lithium as there are for gold. The Financial Times cites estimates from the research group Mineral...
By Simons Chase, guest columnist The Trade Sanctions Reform and Export Enhancement Act (TSRA) of 2000 launched a boom in exports from the US to Cuba that had previously been restricted since the early 1960s. US exports to Cuba rose from about $7 million in 2001 to a...
The first super-sized cargo vessels to pass through the newly expanded Panama Canal have begun arriving in ports along the East Coast – starting with the MOL Benefactor. The Mitsui O.S.K. Lines neopanamax containership made the first commercial transit through the...
