Quote:
Originally Posted by scca229
I saw something over the weekend that said Hanjin ships were starting to be offloaded. Apparently the 4 that were stuck in Long Beach were afforded asset seizure protection by a federal judge and the South Korean bankruptcy court had approved the release of $10 million in funds to pay for the offloading. It looks like some $14 billion in merchandise was sitting on those 4 ships.
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I saw mention of this development this weekend too, and the article noted that shipping prices had already "skyrocketed".