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News / Global Logistics

Container Shipments MIQ

Hanjin Creditors Seek to Keep Ships Anchored in U.S. Waters

The Washington Post

Creditors of Hanjin Shipping Co. 117930 0.78 % , fearful of having their collateral disappear over the horizon, have asked a U.S. bankruptcy judge to reconsider a ruling preventing them from seizing several of the South Korean carrier’s ships.

A group of creditors who have gone unpaid for services such as towing and fueling say that the judge’s order shouldn’t apply to vessels chartered by Hanjin because they aren’t legally its property. The creditors have liens against Hanjin ships that would ordinarily allow them to foreclose on the vessels.

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Freight Forwarding Shipping Carrier and Containers

Second ship from bankrupt Hanjin allowed into California ports

Reuters

A portion of the $14 billion in cargo trapped at sea by the bankruptcy of Hanjin Shipping Co Ltd (117930.KS) began moving out of one California port on Monday, and a second ship received orders to head to dock, after the turmoil created by the South Korean company’s collapse. Truckers began moving freight from the Hanjin Greece, one of roughly a dozen of the company’s ships destined for the U.S. West Coast, out of the port of Long Beach on Monday, following a U.S. bankruptcy court’s grant of protection.

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monthly Global Port Tracker report

September Retail Import Strong Despite Hanjin Bankruptcy

National Retail Federation

Import cargo volume at the nation’s major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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MIQ Supply Chain Alert

Hanjin Shipping Files For Receivership – Potential Delays From Frozen Assets

Earlier today Hanjin Shipping Co. filed for court receivership. According to reports from Reuters, the largest South Korean container shipping firm and 7th largest in the world, made the decision to seek court receivership from the Seoul Central District Court on Wednesday. Additionally, the request to the District Court was to also freeze the assets of Hanjin. This decision came after Hanjin discovered that they were losing support from their banks. Hanjin’s debt reportedly stood at approximately $5 billion (USD), and their existing funding was no longer adequate.

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With Back-to-School Merchandise On The Shelves, Retail Imports Turn Toward Holiday Season

National Retail Federation 

August should be the busiest month of the year for import cargo volume at the nation’s major retail container ports now that retailers have stocked up for back-to-school and are getting a head start on holiday season merchandise. That’s according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates, which said cargo volume for 2016 should end the year with a 1.6 percent increase over last year.

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Retail Imports Rise For Back-To-School

National Retail Federation

Import cargo volume at the nation’s major retail container ports should see a small-but-significant increase this month as merchants stock up for the back-to-school season, then see a larger wave in late summer and fall for the holiday shopping season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Port Tracker report calls for slow summer import volume growth

Logistics Management

Keeping in line with its previous edition, the Port Tracker report issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates pointed to slow growth in the summer months for United States-based retail container ports.

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Port Tracker report highlights slow trade growth led by cautious consumers

Logistics Management

Slow to lackluster global trade themes were apparent in the most recent edition of the Port Tracker report released today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

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Port Tracker report calling for more normalized volumes in coming months

Logistics Management

United States-bound import volumes appear to be taking steps to more normalized seasonal patterns, according to the most recent edition of the Port Tracker report issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

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International Freight Forwarding Ocean

Shanghai Manufacturers Face Potential Summer Shutdown

G-20 2016

On Sept 4th – 6th, the city of Hangzhou, Zhejiang will host the 11th G-20 meeting; the first ever G-20 to be held in China. Fashion brands, retailers and other importers are facing the potential of a supply chain disruption, as Shanghai factories prepare for partial and complete closure in advance of the summit which will be located nearest to China’s largest city.

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