Risk/Compliance: Page 144

Ocean Ports & Carriers

Port of Oakland Has Hanjin Shipping Containers Stacked Five High

Port of Oakland

Port of Oakland has a major backlog of empty shipping containers from now-bankrupt shipping company Hanjin.

The court's move to rehabilitate the world's seventh-largest container shipper is seen as mainly procedural and an eventual liquidation of assets is likely, analysts and industry officials said.

Risk/Compliance

Hanjin Bankruptcy Is the Tip of the Iceberg for Flailing Shippers

There’s no room for growth; today, the supply of ships and their capacity is completely out of whack with demand.

HANJIN MEXICO 57e1672128b63

Risk/Compliance

Hanjin Says U.S.-Bound Ship Is Being Held Hostage

More than 100 Hanjin ships and cargo are threatening to snarl U.S. freight traffic as the year-end shopping season approaches.

South Korea’s Ministry of Oceans and Fisheries estimates Hanjin Shipping needs more than 600 billion won to cover unpaid costs like fuel, including about 100 billion won immediately for payments such as to port operators to unload cargo from stranded ships.

Ocean Ports & Carriers

Bordering on Chaos: $14 Billion in Cargo Stranded at Sea

The global shipping disruption comes as companies are shipping merchandise to fill shelves for the holidays.

South Korea’s Ministry of Oceans and Fisheries estimates Hanjin Shipping needs more than 600 billion won to cover unpaid costs like fuel, including about 100 billion won immediately for payments such as to port operators to unload cargo from stranded ships.

Ocean Ports & Carriers

More Hanjin Ships Seized as Freight Rates Surge and Cargo Owners Fret

Hanjin Shipping vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse.

The court's move to rehabilitate the world's seventh-largest container shipper is seen as mainly procedural and an eventual liquidation of assets is likely, analysts and industry officials said.

Material Handling Equipment

How to Cut Costs When Replacing Warehouse Equipment

Purchasing managers needing material handling equipment have some options to save money and their bottom line.

David Teifer

Wanted: 1.4 Million New Supply Chain Workers by 2018

The logistics industry has a recruiting problem, but to most job seekers, it’s misunderstood—or invisible.

In total, says a new MHI report, the logistics business will be looking to fill about 1.4 million jobs, or roughly 270,000 per year, by 2018.

Ocean Ports & Carriers

Forget the Canal—Inland Ports Show Impressive Growth

U.S. inland ports are growing at nearly twice the national rate for industrial properties.

PortofHouston container 56043b15828f9 57b364c717f98

Risk/Compliance

How Last-Mile Delivery Success Enables Competitive Differentiation

Paragon Software Systems Inc

Using best practices in last-mile delivery can help companies differentiate themselves against the competition.

By using omnichannel fulfillment systems that provide full visibility across the supply chain, companies are empowered to take better control of their distribution processes, while offering more convenience and choice to customers.

Risk/Compliance

U.S. Trade Gap Widens to Almost One-Year High of $44.5 Billion

Slower-growing economies and a stronger dollar are limiting purchases of American-made merchandise by foreign customers.

A third-straight monthly pickup in imports coincides with a second quarter that saw the fastest pace of household spending since 2014. At the same time, purchases of American-made merchandise by foreign customers have been limited by slower-growing overseas economies and a stronger dollar.

Ocean Ports & Carriers

Japan, China, U.S. Ports Seen at Highest Catastrophe Risk

These ports face the greatest financial risk from natural disasters due to vulnerable locations and increasing cargo volumes.

The Tobishima Pier Container Terminals at the Port of Nagoya. Nagoya leads all ports with a potential $2.3 billion cost to insurers from a one-in-500-year event because of the threat from earthquakes and windstorms, according to risk-modeling firm RMS Inc.

Procurement Software

BravoSolution Acquires Procure-to-Pay Provider Puridiom

The acquisition of Puridiom will expand BravoSolution’s footprint in the integrated source-to-pay market.

With this acquisition, BravoSolution takes the next step in enabling the full end-to-end procurement process through an integrated purchase-to-pay suite. This capability will help businesses efficiently manage the entire procurement lifecycle to drive savings.

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