Hanjin, the world's seventh-largest container shipper, files for bankruptcy protection. - Polidicks

[url=http://www.cbc.ca/news/business/hanjin-shipping-financial-trouble-1.3746049]Source - CBC[/url] [quote]The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard containers because there were no guarantees that tugboat pilots or stevedores would be paid. "Hanjin called us and said: `We're going bankrupt and we can't pay any bills — so don't bother asking,' " said J. Kip Louttit, executive director of the Marine Exchange of Southern California, which provides traffic control for the ports of Los Angeles and Long Beach, the nation's busiest port complex.[/quote] [quote]Hanjin has been losing money for years. It filed for bankruptcy protection a day after its creditors, led by a state-run bank, refused to prop it up.[/quote]

So basically theres now a ton of container ships sitting off the coast of countries because they can't enter ports without paying fees, so the cargo is essentially stuck.

I'm glad the only thing I'm ordering at the moment is going by air.

Here's a [url=http://www.marinetraffic.com/en/ais/index/search/all/keyword:hanjin/per_page:50]list of all current (and inactive) vessels[/url] Port city dwellers, get your binoculars out!

[QUOTE=Cakebatyr;50998445]Here's a [URL="http://www.marinetraffic.com/en/ais/index/search/all/keyword:hanjin/per_page:50"]list of all current (and inactive) vessels[/URL] Port city dwellers, get your binoculars out![/QUOTE] [IMG]http://i.imgur.com/BTahh5t.jpg[/IMG] Zombie Apocalypse coming in boys!

Whole industry is fucked, having a giant ship is a dick waving thing and we'll continue to see them being made despite there being no demand for the space. These guys had too much money and were too bloated, I understand they had already bought their next billion$ vessel despite their last billion$ ship making them massive losses.

[QUOTE=Ishwoo;50998716]Whole industry is fucked, having a giant ship is a dick waving thing and we'll continue to see them being made despite there being no demand for the space. These guys had too much money and were too bloated, I understand they had already bought their next billion$ vessel despite their last billion$ ship making them massive losses.[/QUOTE] The problem isn't the big container ships themselves, the problem is companies (Like Hanjin I presume) misusing them and thus losing money.

[QUOTE=BuffaloBill;50998499][IMG]http://i.imgur.com/BTahh5t.jpg[/IMG] Zombie Apocalypse coming in boys![/QUOTE] Damn, wasn't aware you could order zombies by the container, and here I was going through a convoluted process to get them.

oh shit i just now ordered something from ebay from the uk

Is this why I've had a package stuck in japan for over two weeks?

[QUOTE=Saturn V;50998951]oh shit i just now ordered something from ebay from the uk[/QUOTE] Not gonna matter, anything that isn't the size of a car will be shipped by air mostly.

[QUOTE=Katatonic717;50998960]Is this why I've had a package stuck in japan for over two weeks?[/QUOTE] [QUOTE=Saturn V;50998951]oh shit i just now ordered something from ebay from the uk[/QUOTE] [QUOTE=download;50998407]I'm glad the only thing I'm ordering at the moment is going by air.[/QUOTE] Hanjin mostly ships consumer goods around clothing and Korean electronics. If your order isn't one of those things, then odds are Hanjin isn't dealing with your order.

[QUOTE=Tools;50998964]Not gonna matter, anything that isn't the size of a car will be shipped by air mostly.[/QUOTE] You'd be surprised, a year or so ago the new guilty gear collectors edition got delayed by weeks due to a port strike somewhere in the US, forgot where.

If that list is anything to go by, looking at 150 or so ships.

[QUOTE=Crimor;50999034]You'd be surprised, a year or so ago the new guilty gear collectors edition got delayed by weeks due to a port strike somewhere in the US, forgot where.[/QUOTE] Two years ago there was a bunch of dockworkers protesting in LA and San Fransisco, I was working at a Target at the time and we where getting next to no freight in the mornings. It made my job as a truck unloader easy. :v:

[QUOTE=Sir_takeslot;50999489]Two years ago there was a bunch of dockworkers protesting in LA and San Fransisco, I was working at a Target at the time and we where getting next to no freight in the mornings. It made my job as a truck unloader easy. :v:[/QUOTE] That strike affected us as far as the midwest (also worked in Target as the truck scanner at the time. It was nice.)

[QUOTE=Tools;50998964]Not gonna matter, anything that isn't the size of a car will be shipped by air mostly.[/QUOTE] Everything that doesn't need to be there within the week will be shipped by ships. Ships are the backbone to a global economy. All that cheep Chinese crap comes through containers, not planes. Air freight might get a boost from this if customers have to reorder shipments that are stuck on these ships and have them sent in an acceptable time frame. [editline]4th September 2016[/editline] [QUOTE=Ishwoo;50998716]Whole industry is fucked, having a giant ship is a dick waving thing and we'll continue to see them being made despite there being no demand for the space. These guys had too much money and were too bloated, I understand they had already bought their next billion$ vessel despite their last billion$ ship making them massive losses.[/QUOTE] Hanjin doesn't have any billion dollar vessels. The CSCL Globe doesn't even cost a billion. Large ships operate on economies of scale and are generally cheaper to operate in a schedule than smaller ships on high volume routes. Large ships use fuel more efficiently, which is the biggest cost to operating any vessel. [editline]4th September 2016[/editline] [QUOTE=Katatonic717;50998960]Is this why I've had a package stuck in japan for over two weeks?[/QUOTE] Your online orders will be fine