NVOCCs again laid claim to a record 38.8% share of US import shipping volumes in 2016, with a growth rate in TEUs that outpaced the rate of carriers as a whole. Our bill-of-lading data shows that ocean carriers brought 20,953,723 TEUs in imports to US ports last year;...
Why did Korea Line close a deal to buy Hanjin Shipping’s business networks and client information, but leave the bankrupt carrier’s ships on the table? Hayes Howard, CEO BlueWater Reporting, raises this and other questions in an analysis of how Asia-North America...
The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the South Korean carrier’s collapse two months ago, the Los Angeles Times reports. But Hanjin’s bankruptcy...
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...
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...
