Ron Burgundy Posted September 8, 2016 Share Posted September 8, 2016 Samsung Electronics Co Ltd on Thursday asked a U.S. judge to allow it to pay cargo handlers to remove its goods from Hanjin Shipping Co Ltd's vessels stationed near U.S. ports after the failure of the world's seventh-largest container carrier. Around $14 billion of cargo has been tied up globally as ports, tug boat operators and cargo handling firms refuse to work for Hanjin because they fear they will not be paid due to uncertainty over plans to provide new financing. Samsung said an order this week by a U.S. bankruptcy judge did not encourage the Hanjin ships to enter U.S. ports as intended, which the company blamed on a misunderstanding of maritime law, the bankruptcy code and Korean law. View the full article Quote Link to comment Share on other sites More sharing options...
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