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  Customer Notice: Hanjin Shipping Court Receivership 2016-09-01  
 

31 August 2016

Dear Valued Customer,

South Korea’s Hanjin Shipping Files for Bankruptcy Protection as per the official announcement today.

The court will soon determine whether Hanjin, the country’s largest container operator by capacity, should be liquidated or given a chance to survive after restructuring, the company said. Hanjin, the world’s seventh-largest shipping line by capacity, would become the biggest company in the industry to go under if it is ordered to fold.

Wednesday’s filing, is already having an impact on Hanjin’s operations with inevitable delays in finally product delivery. 

Ports—including those in Shanghai and Xiamen in China, Valencia, Spain, and Savannah, Ga.—have blocked access to Hanjin ships due to concerns that they wouldn't be able to pay fees, according to a Hanjin spokeswoman.

How might this affect you?

Book Early due to reduction in vessel space
In light of this announcement, there will be a significant reduction in vessel space for September. We are advising customers to book early and get in touch with your S-logibis representative to discuss your options.

Contact us for further guidance on current shipments
Customers who have shipments booked or on the water with Hanjin should immediately contact S-Logibis for further updates and guidance on how they may be affected by this news.

Thank you for your continued support,


S - L O G I B I S ( U K ) L T D

 

 
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