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Reuters (September 13)

2016/ 09/ 15 by jd in Global News

With cargo trapped and delayed, the Hanjin bankruptcy is creating giant supply chain ripple effects. “Consumers should start preparing to pay more for holiday cheer this year. Experts predict that Hanjin ships won’t emerge from receivership until after the holiday season.” Temporarily, at least, that’s good for other shipping companies. “Space is suddenly at a premium…Rates could spike 50 percent as soon as October.”

 

Institutional Investor (February Issue)

2016/ 02/ 28 by jd in Global News

“In this era of globalization 50,000 ships carry 90 percent of the $18.5 trillion in annual world trade” and this is causing investors to take note. One firm named CargoMetrics now seeks to “map historically and in real time what’s really going on in economic supply and demand across the planet” with the goal of being “able to automatically profit from spotting any publicly traded security that is mispriced.” To do this, they are utilizing historical cargo data and the global automatic identification system that vessels of 300 gross tons or more are required to use for collision prevention.

 

Los Angeles Times (December 29)

2015/ 12/ 30 by jd in Global News

“In an effort to move more cargo on less fuel, ocean freight carriers are in a race to build megaships with much larger capacities than the typical ships calling at U.S. ports. The average container ship being built now is nearly three times the size of the average a decade ago.”

 

Bloomberg (February 5)

2015/ 02/ 06 by jd in Global News

Slowdowns at West Coast ports have already disrupted the operations of Honda, Subaru, Toyota and McDonalds. Now it looks like the “union-led work slowdowns could shut the U.S. West Coast’s 29 ports in five to 10 days” unless a new contract deal is accepted. Excepting Toyota, all of the mentioned companies have resorted to the expensive airlifting of some cargo.

 

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