Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling

  • About $14 billion of cargo left stranded on Hanjin’s ships
  • Other Hanjin vessels close to port are also expected to unload

A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Saturday morning at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.

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