SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd

TAIPEI, May 11 (FAM) – Some freight forwarders that fear a repeat of the chaos surrounding the collapse of Hanjin Shipping last year are said to be wary of using Taiwanese container carrier Yang Ming, despite its recent restructuring round and the resumption of trading of its shares.

Freight forwarding sources in Asia told Lloyd’s Loading List that some smaller forwarders in particular, whose businesses could potentially be threatened in the event that containers are caught up in any possible future bankruptcy event, are preferring to use other carriers, where possible, since Yang Ming raised concerns last month by suspending trading in its shares for two weeks.

 

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