Samsung Says $38 Million of Goods On Board Two Hanjin Vessels

  • In court filing, Samsung supported Hanjin bankruptcy petition
  • Costs to escalate if cargo remains unloaded, Samsung says

Hanjin Shipping Woes Give Japanese Rivals Brief Reprieve

Samsung Electronics Co., the world’s biggest smartphone maker, said about $38 million of its goods and parts were on board two vessels operated by the distressed Hanjin Shipping Co., which applied for bankruptcy protection last week.

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