Department of Commerce Federal Maritme Commission

The U.S. Federal Maritime Commission (FMC) has entered "phase two" of a fact-finding investigation launched earlier this year by the agency into the impacts of the coronavirus pandemic on the regional ocean container supply chain. Following the first phase of the investigation, which focused on...

South Korea-based Hanjin Shipping Co is one of the largest container shipping companies, and it may be on the verge of bankruptcy. According to Reuters, Hanjin lost the support of banks after a funding plan submitted by its parent group was not sufficient to address its nearly $5 billion debt load...