hanjin

Business, Logistics

Hanjin Cargo Owners Say Bid to Unload Vessels Isn’t Working

Krisztian Bocsi/Bloomberg News

Bankrupt Hanjin Shipping Co.’s efforts to unload vessels in the United States while it goes through bankruptcy in South Korea are meeting with complaints from cargo owners and from the companies that service and equip its fleet.

Tiffany Kary | Bloomberg News
September 16, 2016
Business, Logistics

Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says

Patrick T. Fallon/Bloomberg News

The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG CEO Rolf Habben Jansen said.

Nicholas Brautlecht | Bloomberg News
September 15, 2016
Business, Logistics

Looming Trailer Shortage Newest Hanjin Bankruptcy Crisis

SeongJoon Cho/Bloomberg News

The bankruptcy of Korean ocean liner Hanjin Shipping Co. is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move containers on U.S. roads.

Jim Christie | Reuters
Lisa Richwine and Tom Hals
September 15, 2016
Business, Logistics

Port of Wilmington Closely Watching Hanjin Bankruptcy Rescue

Krisztian Bocsi/Bloomberg News

The Port of Wilmington is closely watching as one of its clients — South Korean company Hanjin Shipping —attempts to fight its way back from the brink of bankruptcy.

Hunter Ingram | Star-News (Wilmington, N.C.)
September 14, 2016
Business, Logistics

Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling

SeongJoon Cho/Bloomberg News

A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Sept. 10 at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.

Kyunghee Park and Jiyeun Lee | Bloomberg News
September 12, 2016
Business, Logistics

Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says

Simon Dawson/Bloomberg News

Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an inflow of new clients after the collapse of Hanjin Shipping Co.

Christian Wienberg | Bloomberg News
September 12, 2016
Business, Logistics

Hanjin Bankruptcy Saddles Trucking Fleets With Widespread Losses, Executives Say

The Evans Network of Cos.

Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.

Ari Ashe | Staff Reporter
September 12, 2016
Business, Logistics

Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil

Tim Rue/Bloomberg News

Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.

Rip Watson | Special to Transport Topics
September 12, 2016
Business, Logistics

From Steaks to Furniture, Hanjin Shipping Collapse to Raise Freight Costs

Georgio/Flickr

The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.

Karl Plume | Reuters
September 9, 2016
Business, Logistics

Hanjin Bankruptcy Could Affect US Holiday Sales

Krisztian Bocsi/Bloomberg News

Troubled South Korean firm Hanjin Shipping has been granted temporary bankruptcy protection in the United States.

Mike Snider | USA Today
September 8, 2016

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