Southern Crop

Southern Crop

Hanjin Shipping Upsets Global Trade After Seeking Protection From Creditors

Following a filing for bankruptcy of South Korea’s Hanjin Shipping Co., U.S. shippers are bracing for steep rate increases on routes to and from Asia. “Hanjin accounts for 3.1% of global container capacity, according to maritime data provider Alphaliner.” Going into the holiday season, how will this be an impact to us?

 

Read more about what caused Hanjin to file for bankruptcy and what the US, among other worldwide trading ports, might have to do to make up for what will be lost.

Related Articles

Beef Producers Urge Passage of TPP Trade Deal

Passage of the Trans Pacific Partnership could mean a boost for meat export prices. The National Cattle and Beef Association is urging passage of the 12-nation trade deal, which would reduce Japan’s tariffs on beef from 38.5% to 9% over 16 years, according to Drovers Editor Greg Henderson. View the video here.

Read More »

Leave a Reply

Your email address will not be published. Required fields are marked *