From The Loadstar:
Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.
Maersk Line says it does not need the ships as it is able to charter vessels of this […]
From Seatrade Maritime:
Maersk Line is the largest operator of former Hanjin Shipping vessels, but more than two-thirds of the vessels from the bankrupt company’s fleet remain inactive, according to Drewry.
Of Hanjin’s fleet of 98 containerships, with a capacity of around 610,000 teu when it filed for receivership on 31 August last year, 31 […]
From the Seattle Times:
After a brief spat, the Port of Seattle has dropped its objection to the sale of bankrupt Hanjin’s operations at Terminal 46 west of the stadiums.
The Northwest Seaport Alliance, which controls the ports of Seattle and Tacoma, said Friday it had struck a deal with the proposed new owners […]
Excerpts from the Journal of Commerce:
The Port of Seattle wants a financial guarantee for Terminal 46 lease payments.
The Northwest Seaport Alliance is attempting to block the sale of a terminal once owned by now-defunct Hanjin Shipping unless Mediterranean Shipping Co., the buyer, posts a security bond to protect the interests of the Port […]
From Hellenic Shipping News:
Container shipping costs, which radically plunged, now shows signs of recovery after the fall of Hanjin Shpiping Co. The strategy of Maersk Line, the world’s largest shipping group which cuts down shipping fees until its competitors fall down and pick fruit when they are liquidated, seems to be working. As […]
From the Seattle Times:
South Korea’s Hanjin Shipping, one of three major companies that calls on Seattle’s Terminal 46 near the stadiums, filed for bankruptcy protection at the end of August, worrying local retailers about the fate of their cargo. Hanjin had been delivering about three major shipments per week to the Port — nearly […]
Hanjin Shipping Co. has signed a contract to sell its stake in the largest terminal at the Port of Long Beach to Mediterranean Shipping Co.
Hanjin, which was South Korea’s largest cargo container carrier and the seventh-largest in the world before its Aug. 31 bankruptcy filing, owns 54 percent of the company that operates Long […]
The B.C. Ferry and Marine Workers’ Union, the International Longshore and Warehouse Union and the Victoria Filipino Canadian Association organized care packages for the crew, some of whom have been stuck on board the vessel for three and a half months after the shipping company Hanjin filed for bankruptcy in August. THE CANADIAN PRESS/Darryl […]
Hanjin Scarlet crew were able to take brief shore leave in September. Photo by Seafarers Mission Prince Rupert
Care packages and carolers are on their way to the crew of the Hanjin Scarlet, some of whom have been stuck onboard their vessel in B.C. waters for three and a half months.
The bankruptcy court spokesman said Korea Line offered higher prices than Hyundai Merchant Marine, but did not disclose the value of the potential deal.
South Korea’s Korea Line has been picked as the preferred bidder to buy the troubled shipper Hanjin Shipping’s Asia-US operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court […]
Hyundai Merchant Marine (HMM) and Korea Line have submitted bids for Hanjin Shipping’s Asia-U.S. route, according to Korea’s Yonhap News Agency and other media outlets.
Yonhap cited sources that said “in addition to the U.S.-Asia route, Hyundai Merchant and Korea Line might have submitted bids for Hanjin’s seven overseas operations, workforce and its (54 percent) […]
From Logistics Management:
The Federal Maritime Commission (FMC) recently discussed two matters of interest to each of the five Commissioners and the broader shipping public: ongoing developments related to the Hanjin Shipping bankruptcy, and a third party review of the southern California-based PierPass program.
FMC Chairman, Mario Cordero, said that, “it remains to be seen” […]
Hanjin seafarers thanked ILWU for solidarity last month as they sought shore leave after weeks or months at sea.
The ITF (International Transport Workers’ Federation) today applauded the granting of shore leave to the crew of the Hanjin Seattle on its arrival at the port of Seattle, USA.
The denial of shore leave to […]
Excerpts from Transport Topics:
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.
The Port of Long Beach reported that longshoremen handled 546,805 industry-standard 20-foot equivalent unit containers, […]
From the San Francisco Business Journal:
The Port of Oakland has a major backlog of empty shipping containers from now-bankrupt South Korean shipping company Hanjin, which is preventing the port from freeing up those chassis bases for other shipments.
“Port of Oakland has about 900 Hanjin empties right now and we anticipate another 300 […]