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Hanjin Cargo Owners Say Bid to Unload Vessels Isn’t Working

  • Chaos could ‘destroy’ U.S. businesses, Yahama attorney says
  • Shipper’s lawyer says not clear what will happen to company
Bloomberg business news

Hanjin Shipping Faces Chaos at U.S. Docks

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Bankrupt Hanjin Shipping Co.’s efforts to unload vessels in the U.S. while it goes through bankruptcy in South Korea are meeting with complaints from cargo owners and from the companies that service and equip its fleet.

U.S. Bankruptcy Judge John K. Sherwood last week issued an order that was supposed to facilitate the unloading, but Thursday in his Newark, New Jersey, courtroom, lawyers described chaos and uncertainty at the docks and told him the confusion could pose a threat to American businesses.