A South Korean court officially declared Hanjin Shipping bankrupt February 17, clearing the way for the carrier’s liquidation – as reported by US News & World Report. Once one of South Korea’s industrial titans, the 40-year-old Hanjin accounted for 12% of all inbound...
The Port of New York and New Jersey reported a drop in container traffic in September 2016 versus a year ago, Transport Topics reports. The decline can be attributed primarily to the Hanjin bankruptcy and the COSCO-China Shipping merger, say a NY-NJ port spokesman....
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...
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...
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...
Hanjin Shipping’s drift into receivership is roiling global trade as its ships are refused entry at ports – or seized – and freight rates surge. Reuters has tracked the developing story with updates through the last weeks of August – including an August 29 report on...
