Coalition Urges Pritzker to Work with South Korea to Resolve Hanjin Issues
A coalition of importers, exporters, distributors, transportation and logistics providers, and other companies urged Commerce Secretary Penny Pritzker to continue engaging the South Korean government to smoothly resolve supply chain disruptions caused by Hanjin Shipping’s recent bankruptcy filing (here). Shippers…
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are wondering when Hanjin ships will be allowed to access ports, whether creditors will seize goods after docking, where cargo is currently, where it will be unloaded, and how goods will be transported, the group said in a letter. “The trade community is also facing steadily increasing freight charges as they look for new transportation options as well as concerns about fees assessed on cargo,” the coalition said. Small and medium-sized firms could be disproportionately impacted as the situation persists, yet resolution of the matter would bring needed certainty to U.S. businesses, the letter says. CBP recently added two new scenarios to the agency's previously released guidance on vessel diversions due to the Hanjin bankruptcy (see 1609140016).