FMC Statement Regarding the Status of Hanjin Shipping

Posted September 6, 2016
Category Company News
The Federal Maritime Commission (FMC) is aware that Hanjin Shipping has advised its customers that the company’s application to engage in a voluntary restructuring process was denied by its creditors. The Commission is also aware that Hanjin Shipping has disclosed it has filed for court receivership and that these two actions combined have caused uncertainty among the American shipping community about cargo in transit with Hanjin. For U.S.-based shippers and cargo owners trying to determine what options they have, the Commission shares this initial guidance: • This is a non-United States legal matter at the moment. Hanjin Shipping is a…

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