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Hanjin Shipping Bankruptcy Updates

Hanjin Shipping, the world’s seventh-largest container shipper, filed for bankruptcy protection on August 31. Hanjin’s collapse is by far the largest container shipping bankruptcy in history and the consequences continue to reverberate throughout international supply chains and the transportation sector. We have created this page to capture updates on this topic to keep our customer informed on recent activity. 

Below you will find background information, Noatum Logistics updates, industry articles, and other resources regarding the Hanjin Bankruptcy topic.

Key Information

  • Hanjin Shipping filed for bankruptcy protection on August 31, 2016.
  • On September 6, 2016, the Bankruptcy Court for the District of New Jersey issued a blanket stay of collection or enforcement efforts against Hanjin or its assets in the U.S.  Three days later the Court established a protocol for cargo interests to claim their cargo from Hanjin or third parties such as terminal agents, warehousemen or others.
  • In order to protect our clients, reduce excess charges, and streamline the release process, we have retained counsel jointly with other NVOCC’s to file a motion with the Court seeking clarification.  Specifically, our motion will ask the Court to clarify the protocol to avoid duplicate payments; prevent third parties from charging extortionate rates; and, to obtain the release of cargo without violating the bankruptcy court’s interim order.

Noatum Logistics Alerts and Updates

Carrier Updates

Industry Articles

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