Shift happens: shipping after Hanjin

Shippers must work with NVOs and forwarders to mitigate the risks the Hanjin bankruptcy exposed in the ocean freight sector, according to this interesting post by Seko Logistics’ vice president of marketing, Brian Bourke. He says the collapse of the South Korean carrier undermined belief among shipping lines that they could weather the storm of ever-increasing supply outpacing the growth in demand.  “The best way for shippers of all sizes to mitigate risk is to work with an NVOCC/freight forwarder (non-vessel operating common carrier) that has the technology, service capabilities, experience and network to help spread bookings safely among the carriers.” Doing so will not only reduce risk but help improve service levels and visibility, says Mr Bourke.