Simply Credit Help – Debt and Bad Credit Improvement Advice
ilana-volkov

Hanjin says cargo owners withholding $80 million in payments

September 23, 2016 by · Leave a Comment 

By Tom Hals WILMINGTON, Del (Reuters) – Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability …

Original post: 
Hanjin says cargo owners withholding $80 million in payments

ilana-volkov

Hanjin says U.S.-bound ship is being held ‘hostage’

September 16, 2016 by · Leave a Comment 

“There is no clear visibility yet on what will happen with this business,” Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating. Since then, the Hanjin Boston, Hanjin Greece and Hanjin Gdynia have begun to unload. As of Wednesday, of Hanjin's 97 container ships, 36 were waiting outside of overseas ports, according to South Korea&#

See the original post here: 
Hanjin says U.S.-bound ship is being held ‘hostage’

ilana-volkov

Hanjin Shipping gets U.S. court order, cash to unload ships

September 10, 2016 by · Leave a Comment 

South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded …

Go here to read the rest:
Hanjin Shipping gets U.S. court order, cash to unload ships