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Cargo ships from bankrupt Hanjin to create expensive problem at Port of Oakland – KGO-TV

OAKLAND, Calif. (KGO) —

There will be two ships arriving at the Port of Oakland from Hanjin, which declared bankruptcy two weeks ago.

One of them, The Hanjin Greece, made its way under the Golden Gate Bridge just after 4 p.m. Wednesday with 450 containers for eager businesses that have been anxiously awaiting their arrival.

A second ship, with a much smaller load, will arrive on Friday.

While the port and companies that need cargo are relieved, some truckers say all the cargo creates an expensive new problem for them.

RELATED: Korean shipping company’s bankruptcy creates mess at Port of Oakland

For the first time since last month, a Hanjin cargo vessel is arriving at the Port of Oakland, almost two weeks to the day since the South Korean…

Read the full article at: http://abc7news.com/business/cargo-containers-from-bankrupt-hanjin-to-create-expensive-problem-at-port-of-oakland/1511824/

Category: BankruptcyBy Insolvency GuardianSeptember 15, 2016

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Cargo ships from bankrupt Hanjin to create expensive problem at Port of Oakland – KGO-TV

OAKLAND, Calif. (KGO) —

There will be two ships arriving at the Port of Oakland from Hanjin, which declared bankruptcy two weeks ago.

One of them, The Hanjin Greece, made its way under the Golden Gate Bridge just after 4 p.m. Wednesday with 450 containers for eager businesses that have been anxiously awaiting their arrival.

A second ship, with a much smaller load, will arrive on Friday.

While the port and companies that need cargo are relieved, some truckers say all the cargo creates an expensive new problem for them.

For the first time since last month, a Hanjin cargo vessel is arriving at the Port of Oakland, almost two weeks to the day since the South Korean shipping company declared bankruptcy.

“It’s really important for our custom…

Read the full article at: http://abc7news.com/business/cargo-ships-from-bankrupt-hanjin-to-create-expensive-problem-at-port-of-oakland/1511824/

Category: BankruptcyBy Insolvency GuardianSeptember 14, 2016

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