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"SEOUL • Roughly half of Hanjin Shipping's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the fate of cargo and spikes in freight costs.. Read more at straitstimes.com.", www.straitstimes.com
"More than a year after a labor dispute forced West Coast ports to effectively shut down, retailers like Target and Gap are nervously glancing at the Pacific Ocean anew. Hanjin Shipping Co.’s recent decision to file for bankruptcy protection means retailers might not receive merchandise in time for the key holiday shopping season. Retailers depend on shipping firms like Hanjin in South Korea to deliver goods like clothing and furniture manufactured in Asia. [...] the economic uncertainty surrounding Hanjin’s future means ships are at sea, unable to dock at ports like Long Beach because the companies that operate the terminals are worried they won’t get paid. Though Hanjin does considerable business at the Port of Oakland, ships normally stop in Southern California to drop off imported goods before arriving in the East Bay to pick exports for Asia, said port spokesman Mike Zampa. Manufacturing goods in lower-cost countries like China and Bangladesh means chain", www.sfchronicle.com
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