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Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

Meanwhile, Hanjin ships are sitting out in the water, cannot come to port, and crews are beginning to face shortages of food and water. Also, American Shipper reports that a federal bankruptcy judge on Tuesday granted Hanjin Shipping’s request to have its rehabilitation in bankruptcy court in Korea be recognized under the U.S.

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Why Global Trade Agreements must be part of your supply chain planning: Guest Post by Tim Barnes

NC State SCRC

There is an overlap of countries that are party to both the TPP and RCEP, however for those nations, such as Japan, Vietnam, Malaysia, Australia, New Zealand, Singapore and Brunei, most have gone on the record saying that they see the US led TPP as the most critical and inclusive, and will put the RCEP on hold pending the decision on TPP.