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...
by John M. Peterson, guest columnist New Customs Enforce and Protect Act regulations have exposed US importers to heightened risk of investigation and stiff penalties for any part they may play in evading antidumping or countervailing duties – AD/CVD – on products...
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...
In contrast to the abject fears of cell phone, toy and computer retailers, drinkers of imported wine and their favorite stores are not likely to feel any holiday pain from the insolvency of South Korea’s Hanjin Shipping, according to Wine Industry Insights. Based on...
Billions of dollars of merchandise tied up in the Hanjin Shipping bankruptcy But what if the Hyundai deal falls through, asked Global Trade, and Hyundai is not able to ride to the rescue. Details of the potential disruption to the supply chains of companies in the US...
Dozens of ships carrying more than half a million cargo containers on Hanjin Shipping vessels were denied access to ports because of uncertainty about who would pay docking fees, container-storage and unloading fees in the week after the South Korean carrier filed for...
As of Labor Day, Global Trade was taking legal steps to prevent seizures of its ships and Hyundai Merchant Marine was in talks to take on some of the bankrupt carrier’s assets and customers. But what if the Hyundai deal falls through, asked Global Trade, and Hyundai...
California officials called for the flow of cargo to the state’s ports to resume after the bankruptcy of Hanjin Shipping stopped the South Korean carrier’s vessels from their scheduled arrivals, the Los Angeles Times reported over the Labor Day weekend. The bankruptcy...
While Hanjin Shipping’s plunge into receivership has caused chaos for non-vesssel-operating common carriers (NVOs) around the world, it appears some NVOs saw the writing on the wall prior to August. That is American Shipper’s conclusion (subscription access) after...
The bankruptcy of Hanjin Shipping has left thousands of TEUs in cargos at sea, with Hanjin vessels being turned away from ports of entry or, as reported by CNBC, seized in Chinese ports. Ranked sixth in market share for Asia-North America shipping routes in first-half...
