Resilinc
AUGUST 30, 2023
Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. 55 to 125 million gallons per ship, depending on size—to move ships through the canal.
APICS
SEPTEMBER 16, 2016
One of the world’s biggest shipping companies, South Korea-based Hanjin Shipping, filed for bankruptcy earlier this month, leaving as much as $14 billion worth of cargo floating and manufacturers uncertain, according to The Wall Street Journal.
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Talking Logistics
SEPTEMBER 16, 2016
bound ship is being held ‘hostage’ (Reuters). The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry.
CH Robinson Transportfolio
MARCH 14, 2020
and globally, staying close to our contract carriers and discussing continuity plans in the event shipping trajectories need to be adjusted due to disruptions or closures at any ports. Similar to China, airlines have canceled majority of passenger flights in and out of Europe and South Korea due to safety concerns and lack of travel demand.
QAD
SEPTEMBER 8, 2020
It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers. The primary import partners were China, Singapore, US, Japan, Thailand, South Korea and Indonesia. Malaysia is ideally located for trade with China and countries throughout Asia.
Logistics Bureau
APRIL 2, 2020
The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. Some ports are quarantining arriving ships for 14 days. Ocean Freight.
NC State SCRC
SEPTEMBER 9, 2016
The recent bankruptcy announcement of Hanjin, a major shipping line, on the Friday before the last Labor Day long weekend, was a shock to everyone working in the global logistics shipping industry. Some of the ships have even been seized by creditors! Sherwood of the U.S. Bankruptcy Court in Newark, N.J.
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