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When the world’s seventh largest shipping company, the Korean company Hanjin Shipping, went bankrupt, it sent the transportation and global supply chain industries scrambling to protect their cargo. It’s estimated there are around 400,000 containers (the total capacity of the Hanjin fleet is estimated at 600,000 TEUs) with goods that are stuck on board the Hanjin ships. There are many moving parts as a result of the Hanjin bankruptcy that affect freight forwarders and logistics operators who entrusted their shipments to carrier, including cargo being seized, ships being held at different ports waiting for judiciary sentences, ports and terminals […]
You may have the best intentions, but there is no match for mother nature or the unexpected! Through this half-day seminar, learn how to effectively deal with claims while networking with your international logistics and freight management peers. This informative event will include an ATA Carnet presentation given by Amanda Barlow – Vice President of ATA Carnet, a Cargo Insurance presentation led by Rick Bridges – Vice President along with segments on Current Industry Trends, Current Issues in International Trade and Logistics and Transportation Law. Date: October 4, 2016 Time: 9:00AM – 2:30PM Address: Highland Forwarding, 6A Kitty Hawk Landing, Suite 200, Londonderry, NH 03053 […]
Hurricane Hermine has deepwater seaports in the southeastern U.S. bracing for severe weather, causing the Georgia Ports Authority (GPA) to close its facilities in Savannah and Brunswick, according to an alert issued by American Shipper. The Jacksonville Port Authority may shut down operations at all Jaxport terminals Friday, Sept. 2, 2016, as well. The National Weather Service upgraded Hurricane Hermine earlier today from a tropical storm to a Category 1 hurricane. The storm is expected to bring heavy rains and maximum sustained winds of around 75 miles per hour when it reaches northeast Florida and southern Georgia later tonight, according to […]
Hanjin Shipping Officially Sunk, Declared Bankrupt February 16, 2017 A South Korean court on Friday pulled the plug on Hanjin Shipping Co., declaring it bankrupt and ordering the liquidation of a company that has led the country’s shipping industry for the past four decades. The bankruptcy comes five months after the company, which was once one of the largest container-shipping lines in the world, filed for court receivership under heavy debt. A court-appointed caretaker will sell any remaining ships and other assets Hanjin still owns to pay off its creditors, said Choi Ung-young, a judge on the Seoul Central District […]
The Zika virus, primarily transmitted by a yellow fever mosquito, was first discovered in 1947 in the Zika forest in Uganda, but it didn’t make headline news until last year when a mysterious rash-causing illness began spreading across northeastern states in Brazil. Within months there was a sudden surge in microcephaly in infants in Brazil — a congenital disorder in which a baby is born with an underdeveloped brain and abnormally small head. By the end of December, Brazil had reported nearly 3,000 cases of microcephaly, and in early 2016, Puerto Rico reported its first case. Now, the Zika virus […]