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Unread 10-09-2016, 01:35
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Re: Plans to Restock Items?

Quote:
Originally Posted by clicato100 View Post
FYI, as a completely random aside and since I happen to work in the marine shipping industry, I thought I would give everyone some fun facts!

The global container shipping industry is experiencing an unprecedented event with the largest bankruptcy of a shipping company in history.

Hanjin Shipping, the world's seventh largest containership company operating over 100 ships has filed for bankruptcy. (Over 7% of the total container capacity from Asia to North America)

Dozens of ships have been denied port access and are anchored or drifting with containers onboard because the ports/stevedores do not trust that they will be paid.

Hopefully the ripple effects throughout the container industry, will not have a major impact on the upcoming season. . .
This the the 4th container company (in the top 15 largest 9 months ago) to be out of business or going out of business.

source: http://gcaptain.com/sinking-shipping...uoy-survivors/
http://gcaptain.com/food-water-dwind...n-ghost-ships/
Yeah this could get ugly because I bet the big companies that ship thousands and thousands of containers per year will get priority and little companies with small volumes may feel the squeeze with long waits until items ship and/or significant price increases.
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