Electronics manufacturer Samsung said in court filings that "cargo owners are being held hostage," while Maher Terminals said it "is not required to extend free credit to Hanjin, and should not be forced to."
The now insolvent South Korean ocean carrier released a status update Monday on the 97 vessels it operates, which illustrated that 59 of these vessels are still waiting in open sea.
Japanese container carrier Kawasaki Kisen Kaisha could be targeted by Singapore-based hedge fund Effissimo, the firm’s largest shareholder as of early August, according to recent media reports.
Ed Feitzinger, the former chief executive officer of freight forwarder UTi Worldwide, which was acquired in October by DSV, is now vice president of global logistics at Amazon.
A spokesperson from Hanjin told American Shipper Monday that 28 of the ships it operates have completed cargo unloading.
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.
The public-private partnership is aimed at increasing the height of the Howard St. Tunnel so two containers can be loaded onto intermodal cars, making it more efficient for traffic moving to and from the Port of Baltimore.
Trucking and intermodal carrier Swift Transportation grew net income 4.7 percent year-over-year to $38 million in third quarter 2016 on revenues that slipped 4.9 percent to $1.01 billion compared with the same 2015 period.
RoadOne IntermodaLogistics said it has acquired Milford, Conn.-based C & V Transportation in an effort to expand its operations in southern New England and the Port of New York and New Jersey.