Reuters (September 13)
2016/ 09/ 15 by jd in Global News
With cargo trapped and delayed, the Hanjin bankruptcy is creating giant supply chain ripple effects. “Consumers should start preparing to pay more for holiday cheer this year. Experts predict that Hanjin ships won’t emerge from receivership until after the holiday season.” Temporarily, at least, that’s good for other shipping companies. “Space is suddenly at a premium…Rates could spike 50 percent as soon as October.”
Tags: Bankruptcy, Cargo, Consumers, Hanjin, Premium, Rates, Shipping companies
