Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Maersk Line defers delivery of new container ships to prop up cashflow

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 […]

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Maersk biggest operator of former Hanjin ships, but two-thirds of fleet remains idle

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 […]

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Port of Seattle gives go-ahead to sale of bankrupt Hanjin’s local operations

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 […]

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Seattle pushes for bond for former Hanjin terminal

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 […]

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Container shipping costs skyrocket after Hanjin collapse

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 […]

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Bankrupt shipper Hanjin selling terminal operations at Port of Seattle

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 […]

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Hanjin Shipping inks deal to sell Port of Long Beach terminal to MSC

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 […]

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Stranded Hanjin crew receives load of Christmas cheer that includes pig, tree, presents

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 […]

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Hanjin seafarers, still stuck on bankrupt ship, to receive holiday care packages

Hanjin Scarlet crew were able to take brief shore leave in September. Photo by Seafarers Mission Prince Rupert

From CBC/Radio-Canada

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 […]

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ILWU solidarity helps Hanjin seafarers defend their right to shore leave

Chinese crew members from the Hanjin Seattle celebrate their shore leave. Customs officials changed their policy after solidarity efforts from the ILWU and support from lawmakers in Washington.

Crewmembers on foreign flagged vessels arriving at West Coast ports have frequently sought help from ILWU members and International Transport Workers’ Federation (ITF) inspectors.

“Sometimes we […]

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Korea Line picked to buy collapsed Hanjin Shipping’s Asia-US routes

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 […]

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HMM, Korea Line bid for Hanjin’s assets

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) […]

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Hanjin announces operations in Europe will be axed – but staff are the last to know

From the Loadstar:

Hanjin Shipping said (that) its four main European centres will close this week or early November according to the regulatory filing.

In total, Hanjin operates from some 10 offices in Europe and employs 250-300 people in sales and operational roles – probably many more indirectly, in sub-agencies and service roles.

Hans-Peter Becker, […]

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FMC examines PierPass and Hanjin debacle at recent meeting

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” […]

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ITF applauds granting of shore leave to Hanjin crews

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 […]

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