For the first quarter, Hanjin Shipping reported a net loss of 261.1 billion South Korean won ($233.6 million) on sales of 1.59 trillion won, citing freight rates’ drop to record lows. That spurred the shipping line to file for court receivership , a complex international process that will mean the j...

Container line alliances have announced a host of sailing cancellations in the post Chinese New Year period ahead of the traditional sharp decline in cargo bookings after the mainland’s biggest annual holiday.The Year of the Rooster begins on Jan. 28, with shippers racing to get their cargo loaded b...