It will still be many weeks before the total effect of Hanjin’s bankruptcy can be measured. Not only are the vessels, their cargos and crews affected, but ports and labor have also been embroiled in this chaos.
With details generalized due to concerns of the beneficial cargo owner, the American Journal of Transportation today [Friday, Sept. 16] received a report that two containers of frozen fish offloaded from a Hanjin ship in the past week at an East Coast terminal had “crunched” doors and other highly unusual exterior damage.
The 43rd South Carolina Trade Conference (SCITC) held at the Wild Dunes Resort on the Isle of Palms, September 12-14 was for the attending delegates (a full house) a lesson in business friendly politics.
Industry leaders warn that 2017 could be a tough year for domestic transportation. As states and the federal government tighten regulations on clean trucks, hours of service and comprehensive driver training, the effects will be felt throughout the trucking community.
The departure of Port of Long Beach CEO Jon Slangerup comes at a time when the port is facing a number of challenges related to the downturn in international trade, the cost of capital improvement projects and the implementation of a new energy program.
The transport community is reeling from last week’s unexpected bankruptcy. Containers are stranded at ports worldwide. Ships lay at anchor, embargoed from terminals that fear they will be seized and held once docked.
In the name of operational efficiency and improved service, COSCO, CMA CGM, China Shipping, Evergreen and OOCL agreed this spring to enter into a consortium they would simply call “the Ocean Alliance”.