Category Archives: Uncategorized

Chassis are the poor relatives of container transport. We think we don’t have to pay attention.  But a problem with them can cause many issues for cargo.  Here’s an example!

Hanjin has come under fire again in a US court for failure to pay insurance premiums – as well as “egregious stall tactics”.

Source: Hanjin under fire in US court over lack of liability insurance for chassis – The Loadstar

This saga won’t quit.

http://theloadstar.co.uk/shippers-demand-terminals-free-hanjin-containers-drop-huge-release-fees/?utm_source=The+Loadstar+daily+email&utm_campaign=098f0f8b9c-Loadstar_6_September9_6_2016&utm_medium=email&utm_term=0_c4570e43d4-098f0f8b9c-153468669

Nightmare on Ocean Street!  There are many forms of risk.  Bankruptcy of a huge player is one we don’t think about or prepare for well.

Forwarders could have a big problem collecting fees they’ve paid already.  and equipment owners may have difficulty getting their equipment back if it is tied up in disputes and court actions over who pays. Ports could be jammed up if ships get held due to legal orders.

Crisis mounts for container supply chains as Hanjin vessels anchor to avoid arrest and shippers scramble for alternative sailings

Source: Forwarders dangerously exposed by Hanjin bankruptcy, as scramble for unpaid debts and fresh capacity begins – The Loadstar