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How the Hanjin bankruptcy nearly ruined Christmas

from By Alan Kelsky

As Hanjin Shipping was moving container cargo to ports all over the globe this summer, news broke that affected retailers worldwide. Hanjin, the world's seventh-largest container shipping company, filed for bankruptcy in Seoul, South Korea. In the weeks after the announcement, the immediate concern of retailers was for the approximately 100 ships carrying about 540,000 containers filled with things from electronics to clothing for the Christmas retail season. more

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