On Thursday a major container line Hanjin Shipping (Korea) entered bankruptcy. Many of Hanjin‘s ships have been seized by Charterers, port authorities or other parties.
It is still unclear the consequences of this on Redox cargo but early information indicates that dozens of shipments are affected and may face indeterminate delays and possibly increased costs.
Redox‘s freight team expect some uplift of container shipping rates from other lines in response to Hanjin‘s collapse.
We appreciate customer‘s kind understanding as we investigate the impacts and will be in close communication with all customers affected as soon as we have firm details.