Relief for Samsung is air cargo’s loss, as US judge rules Hanjin ships can unload - The Loadstar
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.
The hi-tech company has 304 containers of parts and finished goods for its visual display business, valued at $24.3m, on the two ships, while a further 312 containers held finished goods from its home appliances division, valued at approximately $13.4m.
Samsung explained that if the ships were not allowed to dock, it would need to charter at least 16 air freighters, at a cost of $8.8m, to move 1,469 tons of alternative goods.
C’est l’opérateur du terminal de containers (également filiale de Hanjin…) qui n’est pas vraiment réjoui qui voit se profiler le spectre de navires ventouses.
The court motion for provisional relief was contested by TTI, a joint-venture owned by Hanjin Shipping Co and Terminal Investment, which operates two marine terminals in the US (Long Beach and Seattle) and provides services to Hanjin and other lines.
TTI filed its own motion alleging that the “lack of a short-term plan for these vessels will lead to mayhem. The vessels will have no means to berth (as the tugs and tug operators will not service them) and no ability to unload (as the unions and port operators will not serve them). And even if these tasks are somehow accomplished, Hanjin must provide fuel and supplies for its ships, but they do not appear to be able to pay these bills”.