The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
Thomson Reuters global trade management business, ONESOURCE Global Trade, conducted its second annual Global Trade Survey, shedding light on trends and challenges faced by trade experts and multinationals alike.
Bigger vessels that can fit through the expanded section of the Panama Canal represent a small portion of the total traffic so far, but the new locks have only been open for less than four months.
Registration takes less than 1 minute.
Historically low ocean freight rates have caused carriers to implement cost-cutting measures that have reduced reliability, meaning shippers need to be more flexible in how they procure capacity.
The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open in 2018, from APM Terminals for a total consideration of 53 million euros.
Cargo shipments grew 2.3 percent in August 2016 compared with the same 2015 period, following revised year-over-year increases of 3 percent and 1.8 percent, respectively, in June and July, according to industry analyst World ACD.