Ocean shipping issues have been a major factor in the supply chain difficulties since the start of the pandemic. In 2021, US legislators proposed the Ocean Shipping Reform Act (OSRA) in an attempt to mitigate some of the problems plaguing the industry. Signed into law by President Biden in June 2022, the OSRA intends to... Read more »
With everyone wanting to start the new year off on a good foot, port congestion on the west coast has been causing headaches for importers. The congestion at the ports of Los Angeles and Long Beach that started around the beginning of the holidays has only gotten worse with no clear end in sight. High... Read more »
Last week news broke that South Korean-based company, Hanjin Shipping Co., filed for bankruptcy, leaving many in chaos and confusion. Hanjin announced that it would stop releasing equipment and accepting new bookings for a period of time. The company’s assets are currently frozen. They are reportedly the world’s seventh largest shipping line by capacity. The... Read more »
