Shippers fear for their goods. Container rates to the US are soaring, and the first ships have now been arrested. According to ShippingWatch's sources, four vessels in three Asian ports have been arrested. Read on to learn where and which vessels, as the Hanjin collapse sends shockwaves across the globe at lightning speed.
BY TOMAS KRISTIANSEN & LOUISE VOGDRUP-SCHMIDT
Within a few hours of Wednesday's announcement that the world's seventh-largest container carrier, Hanjin Shipping, had filed for receivership, the consequences began to emerge throughout the sector across the globe.
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.