Forwarders struggle with tech innovation paradox: they fear it but need it to attract customers

By Ian Putzger

Logistics providers are looking to leverage innovation to strengthen their competitive position – but they are also fearful of it. The State of Global Logistics report for 2016, tabled  recently by Eft (Eyefortransport), shows logistics firms feel threatened by technological innovation, yet looking to it as a tool to attract customers.

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Turmoil from Hanjin insolvency will remain for months

By Alex Binkley

Canadian shippers face months of stress and financial uncertainty in the wake of the insolvency crisis at Hanjin Shipping, warns Ruth Snowden, Executive Director of the Canadian International Freight Forwarders Association. CIFFA has issued six special bulletins to its members starting within hours of Hanjin revealing in early August that it was seeking bankruptcy protection, Snowden said in an interview. The logistical nightmare will likely drag on into the New Year. “We have three problems to deal with—imports, exports and empty containers. There is a big uncertainty around all three at the moment. It’s going to take weeks and more likely months to get this all cleared up. It will be time consuming and stressful for shippers.” And most likely very expensive.

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Relief for Samsung is air cargo’s loss, as US judge rules Hanjin ships can unload

By Alex Lennane

The air freight industry appears to have missed a boost to business from the collapse of container line Hanjin, after a US court ruled that the line’s ships could dock under provisional bankruptcy protection. However, with many ships stuck outside ports the world over, it would seem likely that manufacturers in some regions, unable to access their shipments, will need to charter aircraft to replace the goods.

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Shippers face soaring rates as they battle for alternative space after Hanjin collapse

By Mike Wackett

Shippers are starting to feel the heat from the collapse of Hanjin Shipping as container spot rates leaped ahead on the Asia-North Europe and transpacific tradelanes. According to Drewry, spot rates quoted September 1 from Asia soared by 42 per cent and 39 per cent in one day to the US and North Europe respectively, as shippers rushed to find alternative space at almost any price.

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Forwarders dangerously exposed by Hanjin bankruptcy, as scramble for unpaid debts and fresh capacity begins

By Mike Wackett

Captains on bankrupt Hanjin Shipping vessels have been ordered to slow steam or stop altogether to avoid the risk of being served a writ during a port stay. Meanwhile, many ports around the world have refused to accept Hanjin-operated ships until they receive a bank guarantee for port and harbour dues – but are also reluctant to have a vessel arrested in their quaysides and threatening to block cargo operations.

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