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Holiday gifts threatened by shipping bankruptcy?


Saturday, September 17, 2016

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Kelly Cunningham, National University System

NO: South Korean container shipper Hanjin already sought bankruptcy protection to minimize vessel seizures and stranded cargo. The biggest shareholder, Korean Air Lines, has approved contingency plans to move and unload freight. Other shipping lines are stepping up to take over shipping needs. Especially motivated by premiums, markets work fairly efficiently when seeking profits and without interfering government. Merchandise will be moved and available for customers over the busiest time of the year for consumer sales.