HANJIN

http://www.wsj.com/articles/troubled-hanjin-shipping-to-sell-healthy-assets-to-rival-1472611190


Ports are denying vessels - also heard the Union Pacific is stopping all Hanjin train traffic

 

F...k!!!! I just delivered a HanJin load!!!!

 

Arrow on a bigger scale?

 

A much, much larger scale.

I'm not much familiar with intermodal but it appears if the Korean courts order them to liquidate rather than restructure there will be some big repercussions. Creditors are gonna seize the ships as soon as they enter port along with all their cargo, along with the cargo held as collateral by land carriers as OPs company is doing.

 

Yep: Thats why there droping anchor off the coast.

 

Its huge, We have 160 loads at LPC and we won't touch until customer guarantee's our piece of the pie.

 

and even then we don't know where to bring the empties.

Scrap yard?

 

With the way scrap prices are find a hiding spot and sit on the chassis and box for a whole

 

I just read the rates declined for transit from China to Cali $ 2,000 per 40 box in Jan 2010 declining to the rate as of Aug 2016 $564 per 40 box. The price of a Ship charter per day declined 26,000 a day to 13,000 per day. It's bad but man the shipping lines catching it too.