In a flurry of legal activity, South Korea's Hanjin Shipping, the world's seventh largest container carrier by capacity, filed for bankruptcy protecting in its home country last, causing something of a panic in global shipping and more filings in other countries where Hanjin operates.
Hanjin plans to file for court protection this weekin about 10 countries, including the US, Canada, Germany and the UK, and later expand that to 43 jurisdictions to protect its ships and other assets from being seized by creditors, South Korea's Financial Services Commission said on Monday.
- Sustainable agri value chains: Lessons for the private sector
- Honeywell, Intel to Jointly Develop Internet of Things Solutions for Retailers and Logistics Providers
- Nebraska Furniture Mart Enhances Supply Chain Visibility
- San Francisco biohackers are wearing implants made for diabetes in the pursuit of 'human enhancement'
- RILA Supply Chain Conference coming in February