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17
Nov
HANJIN SHIPPING BANKRUPTCY UPDATE
The Hanjin Shipping bankruptcy continues to have worldwide impacts with legal battles over cost and equipment liabilities related to the bankruptcy playing out in the courts. But there is a glimmer of good news on the horizon. Hanjin filed for […]
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31
Aug
Hanjin Shipping Files for Bankruptcy
South Korea’s largest container operator, Hanjin Shipping Co. filed for bankruptcy protection on Wednesday. The filing was one day after the company’s creditors decided to discontinue financial assistance of more than $896 million. The courts will decide whether Hanjin will […]
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16
Jun
Safety of Life at Sea (SOLAS) – VGM
Verified Gross Mass (VGM) Requirements The international treaty known as the Safety of Life at Sea (SOLAS) affects all shipment by water effective July 1, 2016. SOLAS requires the filing of a Verified Gross Mass or weight (VGM) as a […]
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27
Feb
Eastbound Pacific carriers seek double GRIs to recover from congestion
To recover from congestion, ocean carriers seek double GRI’s On Wednesday, shipping lines in the eastbound pacific announced their intentions to raise ocean freight rates $600 per FEU (forty-foot equivalent unit) on March 9th, and also announced an additional $600 […]
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