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Hanjin Bankruptcy

September 2nd, 2016 at 06:48 pm

Well this was a news story that certainly got my attention.

Text is http://www.usnews.com/news/business/articles/2016-09-02/hanjin-bankruptcy-causes-global-shipping-chaos-retail-fears and Link is

I'm sure this is causing headaches for manufacturers, retailers, and transportation-related companies. What will the ripple effects be throughout the holiday season and beyond?

Korean Airlines is part of the Hanjin conglomerate. I wonder if the airline will be affected? (Anyone holding Korean Airlines miles? Are you more likely to try to use them up quick?)

5 Responses to “Hanjin Bankruptcy”

  1. amastewa93 Says:

    Probably someone else will take up that business in a matter of days. The only people who are going to get hurt are the shareholders.

  2. Joan.of.the.Arch Says:

    I saw that! This could make a noticeable affect on the economy here and round the world.

  3. creditcardfree Says:

    That will be interesting...

  4. snafu Says:

    Retailer's Christmas merchandise from Asia are likely on those ships somewhere enroute to N America. They will not be allowed berth to offload and will not be able to refuel. Lots of N American businesses at risk as Christmas is 'make it, or break it', for annual profit.

  5. rob62521 Says:

    Sounds like it could make quite a mess with shipping and products. Interesting questions about the Korean airline.

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