Second ship from Hanjin Docked at US port

Second ship from bankrupt Hanjin allowed into California ports.

News ID: 68818

Date: 13 September 2016 - 09:37

According to MANA, A second ship, the Hanjin Boston, received orders to unload at the Port of Los Angeles on Tuesday morning, according to the Marine Exchange of Southern California, a group that tracks cargo ship traffic.
The collapse of Hanjin under debts of $5.5 billion has caused havoc in global trade networks and a surge in freight rates. Some vessels have also been seized.
On Monday, Choi Eun-young, a former chairwoman of Hanjin Shipping, pledged to provide $9 million in private funds to help resolve the situation. Choi, who controlled Hanjin Shipping between 2007 and 2014, will provide the funds "within days".
Parent company Hanjin Group pledged last week to raise 100 billion won ($90 million) in funds to help release cargo.