Good afternoon All
Some more information regarding Hanjin and the knock on effects of its bankruptcy which was first announced on 31-Aug, over a month ago.
I really feel for customers who, for whatever reason, have been unable to take delivery of their cargo and in some ways I am also a little puzzled, as we resolved issues with our customers really swiftly.
As soon as we heard the news on 31-Aug, we ascertained that two of our customers were affected and had a clear plan to have the cargo released by arranging payment of significant deposits and there were no delays to deliveries as we made these plans before vessel arrival.
I suppose it also depends on the stance taken by the relevant ports however surely a port has a much stronger lever on payment of outstanding debts of the ship is allowed to dock.
Either way, it shows how unpredictable international logistics can be, and how it's always useful to have someone on side who can cut through the jargon and who has real influence with logistics providers.