The parcel carrier’s expedited shipping segment will raise prices by an average of 3.9 percent in Germany, effective Jan. 1, 2017, with prices in other countries varying based on local conditions, the company said in a statement.
Watco Supply Chain Services has introduced a new international division that will operate as a registered non-vessel operating common carrier and an indirect air carrier, the company said in a statement.
Regulators in the United Kingdom ordered Amazon UK Services Ltd. to pay 65,000 British pounds (U.S. $84,288.92) for four counts of “causing dangerous goods to be delivered for carriage in an aircraft,” according to the country’s Civil Aviation Authority.
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However, Hanjin's creditors plan to decide whether to put the liner carrier under receivership by Tuesday, Yonhap news agency reported.
The President of South Korea, Park Geun-hye, said corporate responsibility and moral hazards are creating adverse effects on its national economy and the government will not blindly support companies in financial trouble.
The containership charterer said in a filing with the U.S. Securities and Exchange Commission last Thursday that past due accounts receivable from South Korean ocean carrier Hanjin Shipping had grown to approximately $18.6 million.