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US Commerce Dept urged to resolve Hanjin Shipping crisis

Posted By Administrator, Thursday, September 22, 2016

The National Retail Federation and other U.S. trade groups are urging the Commerce Department to work with the South Korean government to resolve the Hanjin Shipping Co. crisis, which stranded an estimated $14 billion of goods at sea.

Since filing for court receivership on August 31, the world's seventh-largest container carrier has caused chaos for many retailers at a time when they are getting goods for the holiday shopping season. Hanjin's bankruptcy also has U.S. exporters that were relying on the company scrambling to find alternatives, including flying goods to foreign markets at a loss. (Transport Topics)



Tags:  Hanjin Shipping 

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