Maersk Line orders 11 20,000-teu ships from South Korea

Logistics Middle East

Maersk Line has placed a US $1.8-billion order for 11 mega container ships, with an option for six more

Lost at Sea

APICS

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 The title of this week’s Supply Chain Management Now isn’t from a new Hollywood thriller; this situation is real, and it’s serious.

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Bahri announces US $670m oil export contract

Logistics Middle East

Saudi Arabia''s Bahri shipping giant secures ten year oil export deal with South Korea

The coronavirus supply chain

Supply Chain Movement

The media coverage of supply chain has increased exponentially as a result of the coronavirus epidemic in China, South Korea and Italy. All companies that produce and ship tangible goods are currently working hard to assess the impact of the outbreak on their own supply chains. In China, South Korea and Italy, there has been some drop in product demand, and at the same time it’s virtually impossible to ship goods from those countries.

Hanjin's Insolvency Leaves Few Options

Elementum

Hanjin Shipping’s financial limbo has taken a turn for the worst as its creditors have ruled out any further funding. The only thing left to do for South Korea’s largest container carrier was to seek for court receivership on Thursday, just a day after it filed for bankruptcy. Seoul Central District Court is determining whether to dissolve Hanjin Shipping—a process that usually takes one or two months—but Hanjin’s case may need to be hastened.

Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. For those of us who rely on shipping and manufacturing businesses, the Chinese New Year shutdown is an event that we need to be aware of (and prepared for) in advance to avoid delays that could be catastrophic to our businesses. Shipping delays.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

bound ship is being held ‘hostage’ (Reuters). 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. Of the remainder, 37 had yet to unload and planned to return to Korea, and 24 had unloaded in Korea and elsewhere, the ministry said.

Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

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. Supply Chain Smart Solutions Transportation Market Global forwarding International shipping

Prep Your Supply Chain for Super Typhoon Soudelor

Elementum

Update 8/09/2015, 18:03 PST: Tropical Storm Soudelor to Hit South Korea on August 11. Tropical Rainstorm Soudelor, which continues to inundate eastern China, is moving northwestward to hit South Korea on Tuesday, August 11, threatening to bring heavy rains and isolated flash flooding. With winds over 240 km/h bringing threats of flash floods, mudslides, and serious property damage, major shipping lanes and production hubs risk huge delays and disruptions.

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Speculation and Shipping in the South China Sea

Elementum

Less has been said about the Permanent Court of Arbitration's ruling on territorial claims to the South China Sea than about the People’s Republic’s controversial—and yet not unexpected—dismissal of the tribunal’s conclusion. A destabilized shipping route drives up costs in more ways than one, but how close are we to a problem that has yet to definitively present itself?

Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

The recent decision by Japan’s three largest container companies to merge their shipping operations is yet another symptom of the volatility that is roiling the freight business. K” Line, MOL, and NYK are the three Japanese ship lines that are consolidating. It’s one of many changes that are reshaping the struggling container trades, which are still feeling shock waves from the decision by South Korea’s Hanjin Shipping Company to file for bankruptcy in August.

Doing Business in China

QAD

Key industries include mining, iron, steel, aluminum, coal, machinery, arms, textiles and apparel, oil, cement, chemicals, consumer products, footwear, toys, electronics, food, transportation equipment, automobiles, railcars, ships, aircraft, telecommunications equipment, satellites and commercial space launch vehicles. Shipping. Hong Kong, Japan and South Korea. Import partners include South Korea, Japan, the U.S.,

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The need to know

EFT

Ships wait to unload at Port of Los Angeles as imports boom. Container shipping group CMA CGM resumes online services after cyber attack. Uber launches medicines delivery service in South Africa. The need to know from Reuters global network of journalists.

Doing Business in Singapore

QAD

Typical manufactured products include electronics, chemicals, oil drilling equipment, petroleum refining, biomedical products, scientific instruments, telecommunications equipment, processed food and beverages, ship repair and offshore platform construction. Shipping. billion worth of goods to countries including China, Hong Kong, Malaysia, the US, Indonesia, Japan, South Korea and Thailand. Import partners were China, Malaysia, the US, Japan and South Korea.

Large Shipping Losses Have Declined 38% over Past 10 Years

Material Handling and Logistics

There were 94 total losses reported around the shipping world in 2017, down 4% year-on-year -- the second lowest in 10 years after 2014. In 2017 the downward trend of large shipping losses continued, according to a new survey, Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review. There were 94 total losses reported around the shipping world in 2017, down 4% year-on-year (98) -- the second lowest in 10 years after 2014.

Costly Supply Chain Delays in iPhone 8

Elementum

Some reports indicated that only three to four million iPhone devices will be ready to ship by September this year as it appears difficult for the company to ship the expected 50-60 million new iPhones. As a result, Apple is now looking to replace this supplier from Taiwan with another from South Korea. To mark the 10th anniversary of the iPhone this year, Apple is set to launch its flagship iPhone 8 along with the iPhone 7 and iPhone 7 Plus.

Middle East and E-Commerce ? The Potential has Become Reality

Logistics Trends and Insights

Indeed, the entity has already signed an agreement with South Korea’s Daegu-Gyeongbuk Free Economic Zone Authority (DGFEZA) to increase collaboration particularly in the areas of information technology, innovation, cross-border e-commerce, shipping and logistics. The potential for e-commerce in the Middle East has been written on for a number of years.

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

The effects include: Severe disruption to shipping, with many Chinese ports operating at drastically reduced capacity and around 200 sailings cancelled. South Korea, $28.7 Freight transport services: Shipping and air freight are among the services most badly affected by the Coronavirus epidemic, and Australia will not be able to avoid the knock-on effect. Unpredictable levels of domestic and international shipping capacity.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. The strength of DSV Panalpina is the strong network of trucking in Europe, North America and South Africa.

Panama Canal Expansion: Everything You Need to Know

PLS Logistics

During the 1800s, businessmen didn’t have an efficient or quick way to ship goods between the Atlantic and Pacific coasts. It takes a ship about 8-10 hours to make its way through the canal. American ships use the canal the most, followed by China, Chile, Japan, Columbia and South Korea. Tolls for the largest ships can run as high as $450,000. History of the Panama Canal.

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Doing Business in Malaysia

QAD

Located in Southeast Asia, Malaysia is bordered by Thailand, Borneo, Indonesia, Brunei and the South China Sea. Shipping. It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers.

Lessons from Hanjin: is Your Supply Chain Still at Risk?

Elementum

T he world’s seventh largest freight carrier is still treading water as its ships fail to find a place to dock. South Korea’s Hanjin is stuck (literally). As of last week, 85 of the company’s ships—carrying an estimated $14 billion worth of goods—were stranded at sea, with few ports willing to take them. Federal Judge has granted some ships permission to dock at some U.S. A South Korean court has petitioned Korea’s state-owned bank to help fund the company.

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

NC State SCRC

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. Many ship builders and ocean carriers overextended themselves while the economy was growing, and these expectations resulted in a huge amount of investment that has resulted in too many ships and carriers competing for too little cargo.

The need to know

EFT

DP World to acquire 60% of Korea's UNICO Logistics. Dubai-based global ports operator DP World has agreed to acquire a 60% stake in South Korea-based UNICO Logistics Co, DP World said in a statement on Monday. Dry bulk shipping rates slashed in half.

Alliances in the Shipping Industry: A Dance among Top Global Container Lines

Elementum

The game of musical chairs in the container shipping industry continues: Several players have agreed to form shipping alliances to combat the confluence of a 30% oversupply of ships and weaker consumer demand amid a faltering global economy. This dance among global container-ship operators is now heating up with three main partnerships projected to dominate the industry. Germany’s Hapag-Lloyd, South Korea’s Hanjin Shipping, Taiwan’s Yang Ming Marine Transport Corp.,

Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Shipping costs are also expected to spike upwards. It raised its prowess from running mere factories to one that offered a complete value chain: from research and development to shipping and fulfillment. Drop Shipping Will Face a Decline. For EMERGE App customers who engage in drop shipping, they gave us a grim prognosis of the year ahead. Hikes in tariffs and shipping rates will erase whatever profit margin they had in mind. Shipping Costs Are Rising.

Takeaways from the 2018 Gartner Supply Chain Executive Conference

Kinaxis

Direct to consumer online shop launched with fully functioning billing, payment, shipping capabilities. While observing that US and Israel are lagging several other countries such as Singapore and South Korea in standardized tests, he attributed the innovation of US and Israel to the high self-esteem of the students, fostering entrepreneurial spirit. by Dr. Madhav Durbha Supply chain insights from leading industry experts.

Five Key Takeaways From JOC’s TPM 2016

Freightos

Transpacific Shipping in 2016. overtaking South Korea at 2nd spot for Asian supplier of containerized goods to U.S ( from IHS ). Drewry did the math, and despite last-ditch carrier attempts with cancelled sailings and increased idling of ships, lower ship loads will continue through 2016. CMA CGM ’s fitted this system into their new ship, the Bouganville. Five Key Takeaways From TPM 2016.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It takes time to turn a moving ship around, though, so this will not happen immediately. Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown.

The need to know

EFT

From bikes to blockchain: Shipping industry goes digital in lockdown. The coronavirus lockdown has accelerated a digitalisation drive in a global shipping and logistics sector that still routinely delivers many documents by bike messenger in some countries, according to industry leaders. Coronavirus outbreak at South Korea e-commerce warehouse drives spike in new cases. . The need to know from Reuters global network of journalists.

Coronavirus COVID-19 Supply Chain Update

Transplace

Cargo flows and ship calls are rebounding in China as the situation normalizes. In central and south China, recovery is lower at 20 to 40% capacity as many drivers are from Hubei and surrounding provinces where the epidemic is more widespread. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. South Carolina ports estimate 15% decline in port volumes thru April. Coronavirus COVID-19 Supply Chain Update.

Distribution in China takes a detour

Supply Chain Movement

In 2012 the company decided to seriously push for success in the Chinese, Japanese and South Korean markets. From there the pushchairs are shipped to local DCs in China, Japan and South Korea for crossdocking and transport to retailers. We’ve been producing this equipment in China since 2008 and for many years we shipped everything as air freight from Suzhou to our global DC in Europe.

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China, Tariffs, and Trade Policy. What’s Going On?

CH Robinson Transportfolio

Per CSMS# 18-00372 , as of June 1, 2018, all countries will be subject to the 232 tariffs except Argentina, Australia, Brazil, and South Korea for steel; for aluminum, all countries will be subject except Argentina and Australia. Additionally, absolute quota will be applicable for imports from Argentina, Brazil, and South Korea for steel imports; and to Argentina for aluminum imports as of June 1, 2018. Ships and boats. China, Tariffs, and Trade Policy.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. Subscribe Here! Email Address. Inventory Turnover Breakthrough … Go Back To The Basics!

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Shipping. Deere is using costly expedited shipping to avoid disruptions.