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 is expected to hit Southern California especially hard: Hanjin owns a majority stake in Total Terminals International, which operates Long Beach’s largest terminal. According to Datamyne, Hanjin accounted for about 4% of containerized cargo imports to the Port of Los Angeles, and 12% of inbound shipments at Long Beach, in the first seven months of this year.
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