Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K Line) have announced that their new joint venture will operate under the name Ocean Network Express.  NYK, MOL and K Line will hold 38%, 31% and 31% stakes respectively in the new ¥300bn...

Korea’s Hanjin Shipping Co., the world’s seventh largest shipping line by capacity, filed for bankruptcy protection on Wednesday, August 31.  Hanjin had recently been struggling financially, with $5.5 billion in debt as of the end of June 2016. Hanjin will stop...

China has now decided that vessels originating from the United States do not require disinsection certification with the only exception of the state of Florida due to a recent update from the US Department of Agriculture’s foreign service. The Executive Director of...

Cargo delays feared as Hanjin Shipping files for receivership   Hanjin Shipping Cargo Customers are facing possible delays to their containers following the Korean Line’s decision to file for Bankruptcy today after its creditors lost faith in its recovery plans,...