The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.
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Investments in new projects are slowing, and Neil Davidson, senior analyst in Drewry’s ports and terminals practice, warned that a sudden rebound in demand could be a problem.
Ocean carrier schedule and capacity database BlueWater Reporting constructed a chart illustrating Hanjin’s impact on three separate trades.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.