Remove Cargo Remove Shipping Remove South Korea
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This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Increased Shipping Costs, Delays, and Transportation Issues. Famous Pacific Shipping Group ). Wall Street Journal ). Deloitte Global).

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. 55 to 125 million gallons per ship, depending on size—to move ships through the canal.

Panama 62
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Lost at Sea

APICS

One of the world’s biggest shipping companies, South Korea-based Hanjin Shipping, filed for bankruptcy earlier this month, leaving as much as $14 billion worth of cargo floating and manufacturers uncertain, according to The Wall Street Journal.

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The Role of Transshipment in Global Trade

Promptus LLC

It involves moving cargo from one vessel to another, typically when there’s no direct route between the export and import ports. Transshipment plays a key role in global trade.

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Doing Business in Malaysia

QAD

It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers. The primary import partners were China, Singapore, US, Japan, Thailand, South Korea and Indonesia. Malaysia is ideally located for trade with China and countries throughout Asia.

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This Week in Logistics News (September 12-16, 2016)

Talking Logistics

bound ship is being held ‘hostage’ (Reuters). The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry.