Do You Know The Financial Situation Of Your Shipping

Partner?

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The downfall of Hanjin not only surprised a number of

folks in the shipping industry, but also resulted in big

shipment delays.

As the now bankrupted container operator looks to offload remaining

containers by the end of this month, we asked social media friends if they know the financial situation of their shipping

partners.

Financial status of partners remains a mystery

Our unscientific survey found that over half of the respondents did not know the financial status of their shipping partners while

33% indicated they knew and 9% cited uncooperative partners.

How can the true financial health of private shipping companies such as

mediterranean shipping company be assessed? Also, are financial health reports for oocl and uasc

credible? These being sample highlighted company examples.

- Industry expert, Jason Kearney

Container Freight Pricing Transparency With One Platform In Real Time & On Demand.

Indeed, social media and other media is awashed with questions of who’s next to fall in the shipping industry. Like mr. Kearney points out, it’s not so simple but when determining one’s supply chain partners, it is imperative to know.

It Pays To Be Informed

Incorporating supplier financial risk

management into your risk management plan is usually a given. But,

as pierre mitchell of spend matters writes in

a recent article, “supplier financial risk

management only goes so far. It does provide an

‘assurance of supplier,’ but it doesn’t

necessarily protect your assurance of supply

from that supplier.”

What can one do to avoid another “Hanjin”? Besides establishing and regularly reviewing a supply chain risk plan, it's important to communicate on a regular basis with all of your supply chain partners, end-to-end.

This is where true visibility comes into play. Technology is playing a bigger role. Use it to help mitigate risks.

While you may know the particular shipping alliance that is managing and booking your freight, it pays to find out exactly who is moving it.

How can the true financial health of private shipping companies such as

mediterranean shipping company be assessed? Also, are financial health reports for oocl and uasc

credible? These being sample highlighted company examples.

- Industry expert, Jason Kearney

Indeed, social media and other media is awashed with questions of who’s next to fall in the shipping industry. Like mr. Kearney points out, it’s not so simple but when determining one’s supply chain partners, it is imperative to know.

How “Healthy” Are The Container Vessel Operators?

Beginning this week, we will introduce a series of blog posts in

which we take a look at each container vessel operator. We’ll

review financials, their pain points and their strong points but most importantly, we look forward to hearing your thoughts as well.

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