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The latest
Container lines
News & Analysis
Maersk plays down arrest risk of Hanjin's chartered ships
Greg Knowler, Senior Editor Europe |
Maersk Line brought some clarity to fears that all the vessels in Hanjin Shipping’s fleet faced arrest by creditors.
Container lines
Hanjin bankruptcy fallout headed to inland warehouses
William B. Cassidy, Senior Editor |
Import warehouses are next in line as a wave of disruption caused by the sudden shutdown of Hanjin Shipping heads inland. Expect warehouses to be "inundated," a logistics executive says.
Container lines
Trucking News
Truck brokers
Trans-Pacific spot rates spike as Hanjin flounders
Bill Mongelluzzo, Senior Editor |
Spot freight rates on containerized imports from Asia soared this week as the Hanjin Shipping bankruptcy strengthened trends already underway in the trans-Pacific.
Container lines
Shipowners seeking Hanjin compensation take aim at customers
John Gallagher, Special Correspondent |
Shipowners seeking to recoup losses from Hanjin Shipping are taking aim at the liner’s customers through lawsuits.
Container lines
Storm halts port work as it moves up East Coast
JOC Staff |
Tropical Storm Hermine on Friday affected port operations from Jacksonville, Florida, to Charleston, South Carolina.
North American ports
Container lines
CMA CGM slumps into the red as it integrates APL
Bruce Barnard, Special Correspondent |
CMA CGM swung to a second-quarter net loss due to “persistently” low freight rates.
Container lines
Danaos details exposure to Hanjin bankruptcy
Bruce Barnard, Special Correspondent |
Danaos has revealed how much of its revenue was related to Korea’s ailing Hanjin Shipping.
Container lines
NY-NJ port completes 50-foot channel project
JOC Staff |
The US Army Corps of Engineers and the Port Authority of New York and New Jersey have completed work for a depth of 50 feet.
North American ports
Container lines
Port infrastructure
Claims against Hanjin flood in as customers seek their cargo
Greg Knowler, Senior Editor Europe |
The focus of the Hanjin Shipping fallout has shifted into the legal arena.
Container lines
Asia-Europe spot rates rocket after Hanjin collapse
Greg Knowler, Senior Editor Europe |
As widely expected, the Asia-Europe spot rate rose sharply this week with Hanjin's 100-ship fleet basically removed from the market overnight.
Container lines
HMM deploys ships to pick up stranded Hanjin cargo
Xiaolin Zeng |
HMM has stepped in to plug the hole left by Hanjin vessels that are being refused entry to ports, delaying cargo delivery.
Container lines
Trans-Pacific inbound spot rates soar on Hanjin collapse
JOC Staff |
Trans-Pacific inbound container rates are soaring in the aftermath of this week’s collapse of Hanjin Shipping.
Container lines
FMC to US shippers: Report unreasonable practices tied to Hanjin bankruptcy
Bill Mongelluzzo, Senior Editor |
US maritime regulators are urging shippers to report any unreasonable increases in cost or decreases in service tied to the bankruptcy of Hanjin Shipping.
Container lines
Hanjin bankruptcy preventing empty containers from moving to Asia from US
William B. Cassidy, Senior Editor |
The Hanjin Shipping bankruptcy isn’t just delaying containerized freight shipments, it’s stranding empty containers.
Container lines
Marine terminals
HMM to deploy ships to gather up Hanjin cargo
Xiaolin Zeng, Special Correspondent |
Hyundai Merchant Marine plans to help shield South Korean shippers and its logistics sectors from the repercussions of Hanjin Shipping entering receivership.
Container lines
CMA CGM assures customers over Hanjin collapse
Bruce Barnard, Special Correspondent |
CMA CGM has drawn up a contingency plan to protect customers from any fallout from the collapse of Hanjin Shipping.
Container lines
Shippers paying to free stranded Hanjin containers
Greg Knowler, Senior Editor Europe |
Shippers woke Thursday to a nightmare scenario.
Container lines
Korea regulator urges HMM to pick through Hanjin assets
Xiaolin Zeng |
A merger between Hanjin and HMM now seems to have the backing of the state.
Container lines
Hanjin cargo idled until cargo handlers get paid
JOC Staff |
Some North American marine terminals have refused to work Hanjin Shipping vessels for fear they will not be compensated.
Container lines
Hanjin unraveling as US import rates set to soar
JOC Staff |
Sharp spot rate increases could take effect as soon as Thursday.
Container lines
Idle fleet rising as Panamax unemployment hits record
Bruce Barnard, Special Correspondent |
The idle container ship fleet remains above 1 million 20-foot-equivalent units and is still rising.
Container lines
Hanjin Shipping will enter receivership after bank support lost
Xiaolin Zeng, east Asia correspondent |
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
Container lines
Hanjin collapse would ripple through container shipping industry
Greg Knowler, Senior Editor Europe |
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
Container lines
Hanjin-HMM merger in national interest, say Korean shipowners
Xiaolin Zeng |
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
Container lines
Shipping alliances court Caribbean terminals in pursuit of certainty
Greg Miller, Special Correspondent |
The days of multiuser container terminals could be coming to an end, according to the head of a Colombian container terminal.
Port News
Container lines
MSC launches India-Africa service
India Special Correspondent |
Mediterranean Shipping Co. has introduced a new container service between India and Africa to “improve transit times and enhance delivery to those destinations.”
Container lines
Iceland’s Samskip buys Norway’s Euro Container Line
Bruce Barnard, Special Correspondent |
Samskip, the Icelandic shipping and logistics group, has bought Norway’s Euro Container Line.
Container lines
Hanjin Group promises to back liner as creditors seen exiting
Xiaolin Zeng |
The Korea Exchange has asked the country’s largest carrier for clarification on media reports that it has lost the support of South Korean banks.
Container lines
Future of Santos dredging in doubt after flooding, closure
Rob Ward, Brazil Special Correspondent |
An 11-year high tide combined with beach erosion to shut down South America’s busiest port and cast doubt on plans to dredge deeper so the port can handle larger ships.
International ports
Container lines
Port infrastructure
Maersk reshapes China inland feeder network with new service
Turloch Mooney, Senior Editor, Global Ports |
Maersk Line launched a new feeder service to the western Chinese port city of Yibin.
Container lines
Eimskip eyes acquisitions as earnings soar
Bruce Barnard, Special Correspondent |
Eimskip is on the acquisition trail again.
Container lines
Hanjin makes breakthrough in charters, debt repayment
Xiaolin Zeng |
There is a glimmer of light at the end of the Hanjin tunnel as its main charterer agrees to a deal and foreign banks delay debt repayments.
Container lines
Caribbean rates fall as container lines fail to curb overcapacity
Greg Miller, Special Correspondent |
Caribbean container ship operators have tried to rationalize vessel capacity, but their efforts have failed to curb the decline in rates.
Container lines
Hapag-Lloyd shareholders approve UASC merger
Bruce Barnard, Special Correspondent |
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.
Container lines
Peak season and tighter trans-Pacific capacity fail to lift spot rates
Bill Mongelluzzo, Senior Editor |
Vessels carrying peak-season imports from Asia are filling up.
Container lines
Germany’s Rickmers, ER Capital end merger talks
Bruce Barnard, Special Correspondent |
Germany’s Rickmers Holding and ER Capital have dropped plans to merge their ship management operations.
Container lines
Matson orders two container/ro-ro ships for Hawaii trade
Joseph Bonney, Senior Editor |
Matson will build two container/roll-on, roll-off ships.
Container lines
Low volume growth squeezing global terminal operators' profits
Turloch Mooney, Senior Editor, Global Ports |
The reign of container terminals as profit leaders in supply chains is under pressure.
Port News
Maritime
Container lines
Coast Guard issues storm advisory for South Florida ports
JOC Staff |
The weather system currently extends from eastern Cuba north to the central Bahamas.
Container lines
Capital injection aids Hanjin in fight against receivership
Xiaolin Zeng, Special Correspondent |
Korean Air Lines is swooping in to support Hanjin Shipping.
Container lines
Air Cargo Carriers News
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