A potential supply chain meltdown resulting from Hanjin Shipping’s bankruptcy has been averted at the Port of Oakland. The Port has said that it will receive empty containers owned by the ocean carrier, which filed for bankruptcy protection.
Read moreHanjin Shipping Co, the world’s seventh-biggest container shipper, operating some 70 liner and tramper services and transporting more than 100 million tons of cargo annually, is currently in the wake of the collapse, which will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry.
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