Hanjin's Bankruptcy Will Impact Retailers, Port and Other Logistics Provider

(09/06/2016) South Korean Container Liners, Hanjin, filed bankruptcy on 8/31/2016 and it may cause some X'mas shopping disturbance. Due to Hanjin's financial troubles, those firms facilitating the movements of containers and commodities worry about their payment. As a result, the cargo that are currently on Hanjin's vessels might sit there for a long while before a clear solution can be achieved.