Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”
NC State SCRC
SEPTEMBER 9, 2016
Meanwhile, Hanjin ships are sitting out in the water, cannot come to port, and crews are beginning to face shortages of food and water. Also, American Shipper reports that a federal bankruptcy judge on Tuesday granted Hanjin Shipping’s request to have its rehabilitation in bankruptcy court in Korea be recognized under the U.S.
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