hanjin

Business, Logistics

Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September

Tim Rue/Bloomberg News

The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.

Ari Ashe | Staff Reporter
October 19, 2016
Business, Logistics

Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed

Tim Rue/Bloomberg News

Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.

Transport Topics
October 14, 2016
Business, Logistics

Korean Court to Get Final Bids for Hanjin Assets by Early November

SeongJoon Cho/Bloomberg News

A South Korean court will receive bids by November on the sale of the marketing network of Hanjin Shipping Co.’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.

Kyunghee Park | Bloomberg News
October 13, 2016
Business, Logistics

Port of Long Beach Container Volume Drops on Hanjin Bankruptcy

Tim Rue/Bloomberg News

The consequences of the Hanjin Shipping bankruptcy have led to a decline of 17% in cargo at the Port of Long Beach, California, the second-largest U.S. port and the largest port of call used by the ocean carrier.

Transport Topics
October 12, 2016
Business, Logistics

Korean Court Considers Selling Hanjin’s Asia-US Business

Tim Rue/Bloomberg News

The Seoul Central District Court overseeing the receivership filing of Hanjin Shipping Co. is considering a disposal of the sales and marketing network of the container line’s Asia-U.S. operations as part of efforts to raise funds for the indebted company.

Kyunghee Park | Bloomberg News
October 11, 2016
Business, Logistics

Nippon Yusen to Book $1.9 Billion One-Time Loss on Shipping Woes

Kiyoshi Ota/Bloomberg News

Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.

Chris Cooper | Bloomberg News
October 7, 2016
Business, Logistics

Hanjin Shipping Containers Stranded Again? California Officials Wary of Plan

SeongJoon Cho/Bloomberg News

Some of the 15,000 steel shipping containers at the ports of Long Beach, and Los Angeles abandoned in the wake of the financial collapse of Korea-based Hanjin Shipping Co. may be headed to Ontario, California, for storage — but not without opposition from city leaders.

Neil Nisperos | Inland Valley (Ontario, Calif.) Daily Bulletin
October 6, 2016
Business, Logistics

Hanjin Could Have Survived With Creditors’ Aid, Chairman Cho Yang-ho Says

Bloomberg News

Hanjin Shipping Co., the South Korean container line whose filing for bankruptcy protection roiled the global supply chain, could have survived if creditors had provided the company with aid, Group Chairman Cho Yang-ho said.

Kyunghee Park | Bloomberg News
October 4, 2016
Business, Logistics

Shipping Technology Startups May Get Boost From Hanjin Woes

jgmorard/Flickr

SINGAPORE — The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player Hanjin Shipping Co. slowly is waking up to the redeeming potential of technology.

Jeremy Wagstaff | Reuters
September 29, 2016
Business, Logistics

Houston Port Credited for Being 'Creative' to Move Hanjin Cargo

Tim Rue/Bloomberg News

Port of Houston Authority officials acted quickly to deliver stranded cargo after Hanjin Shipping Co. sought bankruptcy protection, offering to move and release the containers for a reduced fee.

Andrea Rumbaugh | Houston Chronicle
September 29, 2016

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