A South Korean court authorized Hanjin Shipping Company, which declared bankruptcy earlier this month, to unload four container ships in United States ports.
A South Korean court authorized Hanjin Shipping Company, which declared bankruptcy earlier this month, to unload four container ships in United States ports.
The four ships that will be unloaded are the Hanjin Greece, Hanjin Gdynia, Hanjin Jungil and Hanjin Boston.
Other container ships owned by Hanjin and cargo that had already been unloaded on the tarmac at U.S. ports will remain stranded until Hanjin, in conjunction with the South Korean government, works out a deal to pay for the processing of goods.
The U.S. government has formed a multi-agency task for to track progress of cargo delivery and coordinate U.S. action where possible.
“Their primary message is that the Korean government must make sure that Hanjin lives up to its obligations to deliver the cargo according to their existing contracts with customers,” according to a statement from the Hardwood Federation, whose executive director, Dana Cole, participated in a conference call with Secretary of Commerce Penny Pritzker last week.
For information on how to get stranded cargo, read this guide from U.S. Customs and Border Protection.