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Hanjin Says More Vessels to Unload at Long Beach After Ruling

The beleaguered South Korean container line Hanjin Shipping Co. said Monday more vessels are in line to unload cargo at Long Beach port in California after a U.S. court Friday granted bankruptcy protection, easing a gridlock that disrupted delivery of goods. Three more Hanjin ships are waiting at the port to clear their freight once Hanjin Greece, which is currently offloading, clears early Sept. 12 local time, Hanjin said in response to a query. Port workers began taking Hanjin Greece’s cargo ashore at 8 a.m. local time Sunday, and the Hanjin Gdynia will follow, Noel Hacegaba, chief commercial officer of the Port of Long Beach, said in a telephone interview Sunday. The Hanjin Greece is carrying “electronics, furniture, footwear and virtually anything a consumer would expect to find on the shelves leading up to the holiday season,” Hacegaba said. After roiling the global supply chain for more than a week since the company applied for court receivership on Aug. 31, Hanjin Shipping won some respite over the weekend after its biggest shareholder, Korean Air Lines Co., agreed to inject 60 billion won ($54 million) to help pay for handling charges at ports. http://www.bloomberg.com/news/articles/2016-09-12/hanjin-says-more-vessels-to-unload-at-long-beach-after-ruling