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...
read more
Hanjin Bankruptcy Creates LA Port Problems – Apparel News
While importers have been able to retrieve cargos arriving at Los Angeles and Long Beach aboard Hanjin Shipping vessels, the bankrupt carrier is not accepting empty containers or container filled with export merchandise, as reported by California Apparel News...