Maersk has settled in at the world’s ship graveyard

A fascinating, heartfelt article about shipbreaking at Alang. Students of Labor Economics and unions should read it, especially the last part.

screenshot-shippingwatch-com-2016-10-13-10-41-06  ShippingWatch visits one of the most controversial places in the shipping industry, India’s shipbreaking facilities on the beaches of Alang. After banning this location, Maersk has changed its mind and now sends end-of-life vessels to Alang. See all the pictures here from an otherwise very closed-off workplace. – Author: GRETCHEN PEDERSEN

Source: Maersk has settled in at the world’s ship graveyard

Shippers demand terminals free Hanjin containers and drop huge release fees

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

Forwarders dangerously exposed by Hanjin bankruptcy

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.

The LoadstarCrisis 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