The fallout from the bankruptcy of Hanjin Shipping is likely to be far reaching with hauliers operating out of Felixstowe potentially facing writing off large debts. The South Korean shipping line, the world’s seventh-largest container shipper, filed for bankruptcy protection on 31 August, immediately raising concerns regarding liabilities for customer cargoes being shipped on Hanjin vessels. One UK container haulier told Motortransport.co.uk it had seen a letter from the company dated 30 August explaining that creditors were not extending further financial […]
Pentalver has opened its five acre, permanent container services site at DP World London Gateway – the first phase of its two-step development of facilities at the port.
Pentalver has warned there could be casualties in the container haulage market in the second half of the year as the sector struggles with low volumes. The warning comes as the firm reported turnover and pre-tax profit growth in 2011: Pentalver Transport saw turnover grow to £57.4m in the year, from £55m a year ago, while pre-tax profit rose to £2m, from £1.5m. At sister business Pentalver Cannock, turnover rose to £24.8m, compared to £22.9m in 2010, but pre-tax profit […]
Hauliers working out of Felixstowe Port are enduring three-hour turnarounds, almost a month after the container terminal overhauled its IT system.