At least US$182 million is on hand to bail out the bankrupt Korea-based shipping company Hanjin, yet, three weeks into its collapse, billions of dollars of inventory remain stranded at sea on the brink of this year’s peak season.
On Aug. 31, one day after creditors pulled support for Hanjin, the shipping company filed for court receivership, sending shockwaves through the freight industry. Given the complexity of the situation, any resolution will require the Korean government and parent comp…
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Source: aircargoworld