Korean Shipping Giant’s Downfall Leads to a New Joint Venture by Japan’s Largest Lines
The fallout from Hanjin combined with lackluster cargo demand, over capacity, bottoming oil prices and historic low container freight rates drove the decision to merge ... Read More
OCEAN Alliance Came into Effect on Monday, October 24, 2016
October 21, 2016 | The Federal Maritime Commission Newsroom | John K. DeCrosta The Federal Maritime Commission (FMC) has concluded its review of the proposed ... Read More
Delayed deepening of Boston’s port could cost New England ships
Blair Miller & Jason Solowski | Fox 25 WFXT A major plan to deepen the waters of the port in Boston could reduce prices on ... Read More
Port of Boston sets box volume record in August
BY HAILEY DESORMEAUX | TUESDAY, SEPTEMBER 27, 2016 The Port of Boston’s Paul W. Conley Container Terminal set an all-time monthly record in August with ... Read More
Overcapacity Will Lead to the Next Hanjin
Hanjin’s receivership and the fallout resulting from its failure may have lasting effects for the global shipping. Fortunately, the Korean Shipper confirmed on September 23, ... Read More
Federal Judge Gives Hanjin a Glimmer of Hope
Without the capacity to dock, unload cargo at terminals, or transport any goods by rail or truck, Hanjin Shipping was in dire need of help ... Read More
Hanjin’s Demise Sending Shockwaves around the World
After the South Korean shipping company filed for receivership on Wednesday, August 31, 2016, multiple reports stated Hanjin vessels could not berth or unload at ... Read More
Annyeong Hanjin! South Korean Shipping Giant Enters Receivership
After a tumultuous period of missed merger opportunities and unsuccessful attempts to remain solvent through massive bank loans, Hanjin Shipping will enter into receivership. It ... Read More
Boston Globe: Boston’s shipping terminal may get a lot bigger
By Jon Chesto | GLOBE STAFF JULY 06, 2016 Leaders in the state House of Representatives made a last-minute addition to an economic development bill that ... Read More
