Hanjin Could Have Survived With Creditors’ Aid, Cho Says
Hanjin Shipping Co., the South Korean container line whose filing for bankruptcy protection roiled the global supply chain, could have survived if creditors had provided the company with aid, Group Chairman Cho Yang-ho said.
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US judge urged to pressure Hanjin to detail stranded cargo, equipment
A federal judge has agreed to hear on Friday the arguments of several chassis, container, and fuel providers demanding Hanjin Shipping reply more quickly to their “urgent” requests for information on where the container line’s ships are, and the location of chassis and containers the ocean carrier leased from the creditors.
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Hanjin Group chairman apologizes for ‘cargo chaos’
Click here to read full article by American Shipper.