Hanjin Containers Flood Oakland Port


The Port of Oakland is reporting empty Hanjin containers stacked five high as backlog continues, keeping chassis bases from being used for active shipments, reported the San Francisco Business Times.

Mike Zampa, communications director for the port, said:  “Port of Oakland has about 900 Hanjin empties right now and we anticipate another 300 to 400 more before the carrier stops bringing cargo to Oakland.

“The empties will sit here until the bankruptcy proceedings in Seoul are resolved. That could be two to three years.”

Hanjin Shipping announced its bankruptcy on August 31, 2016, and since then has had ships and seafarers stranded for weeks on end off shore as ports refuse entry through fear of no payment.

The current crisis in the shipping market is due to oversupply, and for the first time there are ships as young as seven or eight being scrapped in a bid to contain the damage.

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