In March of 2015, I wrote a Universal Cargo blog post about how the International Longshore and Warehouse Union (ILWU) should pay damages for what the union did at the Port of Portland. Today's [...]
What would happen if ocean freight carrier alliances were brought to an end?
Many shippers would cheer as they're currently seeking to make such an outcome a reality. But would it [...]
I've seen a lot of headlines this year about various ocean freight carriers losing money. However, it all came to a head for me with Mike Wackett's article in the Loadstar last week with the [...]
The Federal Maritime Commission (FMC) has launched an investigation into detention, demurrage, and per diem charges. And the shippers rejoice. Eric Johnson reported in American Shipper: The [...]
Last month, Maersk said it expects carrier competition to shrink to only three global companies. It’s possible that Maersk is wrong, but it’s hard not to take the words and [...]
Maersk is the largest carrier by capacity in international shipping and clearly the leader of the industry. We’ve talked about this before in Universal Cargo’s blog: The moves Maersk [...]
As of today (March 30, 2017), the Federal Maritime Commission’s (FMC) approval of the cooperation agreement between Hyundai Merchant Marine (HMM) and the 2M alliance members, Maersk and MSC [...]
The Emergence of SM Line It sounds like the story of the phoenix: SM Line rising “from the ashes of Hanjin.” But perhaps the better mythological creature to describe this story is the [...]
Hanjin Container Ship Photo by: Flickr user Ingrid Taylar The Emergence of SM Line It sounds like the story of the phoenix: SM Line rising “from the ashes of Hanjin.” But perhaps the better [...]
Attorneys from Nofeeinjurylawyers.com.au has stated that as there are a great deal of parties and laws involved in international shipping. Therefore, it is not surprising that the courts play a [...]
It was a surprise move back in November when Korea Line swooped in to buy Hanjin Shipping’s Asia-U.S. assets. South Korea’s second largest bulk shipping company saw it as an [...]
This is it! Universal Cargo’s last blog of 2016. What better way to close out the year than with a look back on the top international shipping stories of 2016. Below you’ll find a [...]
Since the collapse of Hanjin Shipping, shippers are painfully aware of the possibility that major ocean carriers can go bankrupt. Although years of carriers suffering through billion dollar [...]
In another move of liquidation after bankruptcy, Hanjin is selling its stake in Total Terminals International (TTI) to Mediterranean Shipping Co (MSC). Chris Dupin reports in an American Shipper [...]
We now know who will be buying Hanjin’s Asia-U.S. assets. Yes, we’re still talking about Hanjin Shipping. Yes, we know Donald Trump was elected president last week. Yes, we posted a [...]
The news out of Beijing at the end of last week on mp.weixin.qq.com is that the carriers of the OCEAN Alliance signed a document laying out the vessel sharing agreement’s planned network of [...]
As of Monday, the OCEAN Alliance has been cleared for business–at least as far as the Federal Maritime Commission (FMC) is concerned. However, the vessel sharing agreement between CMA CGM, [...]
Drip, drip, drip… You can just hear the sounds of liquidation. It’s still possible that Hanjin could survive as a small carrier in South Korea, but it’s looking more and more [...]
Don’t look now, but it seems like the honeymoon might be over between Maersk and Mediterranean Shipping Company (MSC) in their 2M Alliance. There is no news about the premier carrier [...]
As if the Hanjin Shipping collapse hasn’t been bad enough for shippers, especially those who are customers of the bankrupt carrier, imagine the company or its creditors suing its shippers [...]
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