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Datamyne News

Datamyne press releases and industry coverage

Hanjin Woes Aren’t Gumming up Hampton Roads – Virginian-Pilot

Three weeks after South Korea’s Hanjin Shipping filed for bankruptcy, it looks like the cavalry may be mounting up, reports the Virginian-Pilot.

The Korea Development Bank has offered Hanjin a new line of credit, and parent company Korean Air Lines okayed a lending plan for the carrier. As of September 22, 31 of Hanjin’s 97 container ships had off-loaded cargoes; 34 were en route back to South Korea; and 32 remained stranded at sea.

Locally, the Hanjin bankruptcy has not disrupted operations at Hampton Roads, where Hanjin ranks 9th by volume among ocean carriers of imports, 15th in exports, according to Datamyne.

Read “Hanjin’s woes so far aren’t gumming up the works in Hampton Roads” »

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