• Hanjin Shipping bankruptcy sends shockwaves across global supply chains

    Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish

    published: 07 Sep 2016
  • Hanjin Shipping declared bankrupt

    법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping, once the biggest name in Korea's thriving shipping sector,... was officially declared bankrupt today. Despite injections of governmental support, it folded under the weight of billions of dollars of debt. According to our Kim Min-ji, this development is expected to deal a damaging blow not just to the local industry, but the economy as a whole. A 40-year history... ended. The Seoul Central District Court on Friday cut off the lifeline of Hanjin Shipping -- once Korea's largest shipping company... and the world's seventh largest -- following a two-week appeals period. A bankruptcy trustee will now be appointed to sell off Hanjin's remaining assets. Earlier this month, the court decided to end the rehabilitation scheme,... saying the firm'...

    published: 17 Feb 2017
  • Bankruptcy Of Major Shipping Company Causes Cargo Crisis

    The bankruptcy of shipping company Hanjin is causing major problems here in Southern California. Cristy Fajardo reports.

    published: 05 Sep 2016
  • Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    published: 07 Sep 2016
  • What Happens When A Shipping Company Goes Bust | CNBC

    Here’s the anatomy of a bankruptcy when you’re one of the world’s top ten shipping companies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC What Happens When A Shipping Company Goes Bust | CNBC

    published: 16 Sep 2016
  • True Religion Files Bankruptcy + Ebay Users Photos Removed

    Photobucket removes ebay amazon etsy photos- https://www.theverge.com/2017/7/4/15919224/photobucket-broken-images-amazon-ebay-etsy-paid-update True Religion Bankrupt- https://www.usatoday.com/story/money/2017/07/05/jeans-maker-true-religion-seeks-revival-chapter-11-bankruptcy/451097001/ Hobby Lobby owner Fined- https://www.usatoday.com/story/money/business/2017/07/05/hobby-lobby-fined-3m-over-smuggled-iraqi-artifacts/103457614/ Thanks for checking out my channel. Make sure to subscribe!! MY EQUIPMENT: Female Mannequin- http://amzn.to/2uEnCxS Male Mannequin- http://amzn.to/2slaFIw Shipping Tape Gun- http://amzn.to/2s7rc6f Ebay/Amazon Scale- http://amzn.to/2hIF2r2 Photo Lighting Kit- http://amzn.to/2mEdSQq Microphone (Blue Yeti Blackout)- http://amzn.to/2sAHTaU Microphone Pop Filter-...

    published: 06 Jul 2017
  • Westinghouse Bankruptcy Will Kill India’s Nuclear Deal

    Westinghouse, a leading nuclear reactor manufacturer has filed bankruptcy in U.S. dealing a blow to the nuclear power industry. Newsclick spoke to Prabir Purkayastha, on the impacts this will have globally and in India. The filing ends the takeover of Westinghouse by Toshiba, one of a handful of nuclear contractors left worldwide. It will also have an impact on India, as Westinghouse was a part of the Indo-US nuclear deal.

    published: 30 Mar 2017
  • Biggest Bankruptcy Bets for 2017

    The stabilization of energy prices in 2016 stemmed a potential wave of oil patch bankruptcies. That pause could end in 2017 as steep debt loads may prove too much for some suppliers, said Ted Gavin, managing partner of Gavin/Solmonese. "I think the data shows that the prolonged drop in oil prices has led companies seeking to hold on through the trough to use debt to replace what used to be income," said Gavin. "Rather than curtailing operations, companies are going deeper in debt waiting for pricing to return to a level more likely to provide for breakeven or better operations," said Gavin. "Like all businesses, increases in debt in the oil business has a short lifespan before the company faces failure - and here we are." Gavin said the shipping industry is not going to be totally undone b...

    published: 17 Oct 2016
  • Bankruptcy of cargo company could create economic ripple

    Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.

    published: 08 Sep 2016
  • Global Shipping Bankruptcy Crisis

    Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.

    published: 01 Sep 2016
  • Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets F

    After years of relentless decline in the . Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen NKK News Headlines, world news, top news, top breaking . KAL HALAL YAHAWAH BA HA SHAM YAHAWASHI Link: . Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: .

    published: 13 Aug 2017
  • 4/20/17 BREAKING NEWS! - PLASTC Card is BANKRUPT! We all got screwed!

    PLASTC Card just announced today that they are closed and bankrupt. All backers got screwed!!! We Regret to Inform You... For the past 3 years, our mission here at Plastc was to build and deliver the most technically ambitious smart card on the planet. After making enormous leaps in development, product innovation and progress towards our goal, Plastc has exhausted all of its options to raise the money it needs to continue. Plastc, Inc. is exploring options to file Chapter 7 Bankruptcy and will cease operations on April 20, 2017. While we have fallen short of our goal, we are proud of our team and the effort that went into developing a working Plastc Card. However, without the necessary capital to continue, all employees have been let go, which means that Customer Care and Social Media...

    published: 20 Apr 2017
  • 25 Fortune 500 Companies Who Declared Bankruptcy [2016]

    The global credit crisis has taken down some of the nation's largest banks and lenders in the past two years. From Lehman Brothers and Washington Mutual climbed to the top of a list. Here are the largest companies that went bankrupt in the past 10 years. Twitter https://twitter.com/INSFLX

    published: 06 Sep 2016
  • Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

    CNBC's Morgan Brennan reports the latest on the supply chain disruptions caused by the Hanjin bankruptcy. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

    published: 09 Sep 2016
  • Shipping Company Bankruptcy Strands Products Worldwide

    Shipping company Hanjin has filed for bankruptcy, leaving hundreds of millions of dollars worth of products stranded at sea

    published: 07 Sep 2016
  • Brazilian tycoon's oil firm files for bankruptcy

    Eike Batista was one of the world's richest men with a multi-billion dollar empire that included oil, mining, power and shipping, but his oil firm just filed for bankruptcy protection. Anthony Mason reports.

    published: 01 Nov 2013
  • Ship company bankruptcy could affect holiday shopping

    For nearly two weeks, dozens of cargo ships belonging to Hanjin Shipping have been stuck at sea after the South Korean company filed for bankruptcy. A judge's ruling has cleared the way for some of those ships to unload, but the bankruptcy could lead to problems come holiday season. Mireya Villarreal has more.

    published: 11 Sep 2016
  • 45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

    한진해운 선박 45척 운항차질… 국제 물류에 혼란 The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tons of goods being carried by the Korean company will reach shelves. Oh Jung-hee reports. Almost half of Hanjin Shipping's fleet has stopped operating,... ...as the company was put under a court-led restructuring scheme on Thursday. 45 ships are denied entry to ports,... or remain anchored,... in seven countries including China, Japan, India, and the U.S.,... as port workers refuse to offload or take aboard cargo in fear of unpaid fees. According to the Korea International Trade Association,... China seized or was to seize 10 Hanjin vessels,... while Singapore already ha...

    published: 02 Sep 2016
  • Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

    http://end-time.news/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bankruptcy-assets-f/ After years of relentless decline in the Baltic Dry index... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels. For those unfamiliar with the company, here is a brief overview from its website: Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo ann...

    published: 01 Sep 2016
  • Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

    한진해운, 미국 법원에 파산보호 신청 Korea's largest shipping company, Hanjin Shipping, has reportedly applied for bankruptcy protection in the United States. The Wall Street Journal says the application was lodged last Friday, just two days after the company applied for protection in Korean courts. The filing will prevent creditors from seizing Hanjin's U.S. assets and block them from launching further legal action, while the company undergoes restructuring in Korea. The report says the U.S. bankruptcy filing was made by Suk Tai-soo, Hanjin's inside director and foreign representative. The company currently operates over 60 regular lines world-wide, with 140 container or bulk vessels. The Wall Street Journal says Hanjin's bankruptcy will be regarded as "the largest container-shipping failure in histor...

    published: 05 Sep 2016
  • U.S. court approves temporary bankruptcy protection for Hanjin Shipping

    美 법원, 한진해운 파산보호 신청 임시 승인 A court in the United States has granted temporary bankruptcy protection for Korea's Hanjin Shipping. The order, issued by the U.S. Bankruptcy Court in Newark, New Jersey,... comes four days after the shipping giant filed the application. The move will prevent U.S. creditors from taking legal action against Hanjin's ships and other assets, while the company undergoes restructuring in Korea. Hanjin's representatives will have to return to court on Friday to discuss unresolved logistical issues with company stakeholders. Hundreds of retailers are still awaiting shipments for the upcoming holiday season. On Tuesday, Hanjin Group announced plans to inject over 91 million U.S. dollars into its cash-strapped shipping arm. Korea's trade-ministry also launched a special ...

    published: 07 Sep 2016
  • Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

    http://undergroundworldnews.com The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, continued with little resolution with as much as $14 billion worth of cargo stranded at sea according to the WSJ, sending cargo owners scurrying to try to recover their goods and get them to customers. Since Hanjin's bankruptcy protection filing, dozens of ships carrying more than half a million cargo containers have been denied access to ports around the world because of uncertainty about who would pay docking fees, container-storage and unloading bills. Some of those ships have been seized by the company’s creditors. As Bloomberg adds, 85 Hanjin ships that have been effectively marooned offshore as ports in the U.S., Asia and Europe have turned ...

    published: 10 Sep 2016
  • Hanjin shipping company goes under

    Hundreds of workers from the South Korean shipping company Hanjin are stuck on vessels around the world. The multi-billion-dollar company collapsed last month, so its ships loaded with cargo were either seized in docks or stuck at sea. One ship has been impounded in Sydney, Australia, where Al Jazeera’s Andrew Thomas has been trying to speak to those on board. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/

    published: 22 Sep 2016
  • Bankruptcy Auction! Major Retail Shipping Company Fleet

    Auction Ends 7/28/2016 starting at 4PM EST. See Terms & Conditions. Bankruptcy Auction! Major Retail Shipping Company Fleet consisting of over 100 Sleepers, Day Cabs, Trailers, Straight Trucks, Vans and more. Late models from Freightliner, Peterbilt, Volvo, Hino, Isuzu, Ford, Vanguard, Great Dane, Wabash. Also other related logistics equipment. In Re: United States Bankruptcy Court for the District of New Jersey Chapter 11 Case Nos. 16-10615 and 16-10616 EZ Mailing Services, Inc. and United Business Freight Forwarders Limited Liability Company. Offer Subject to Change Without Notice. Subject to Bankruptcy Court Approval.

    published: 08 Jul 2016
  • Hanjin Shipping near bankruptcy

    published: 30 Aug 2016
  • Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

    published: 07 Sep 2016
  • Wilbur Ross on the Hanjin Shipping Company crisis

    Billionaire Investor Wilbur Ross on Hanjin Shipping’s bankruptcy and the consequences.

    published: 12 Sep 2016
  • Global Shipping Bankruptcy Crisis

    Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.

    published: 01 Sep 2016
  • Bankruptcy of cargo company could create economic ripple

    Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.

    published: 08 Sep 2016
developed with YouTube
Hanjin Shipping bankruptcy sends shockwaves across global supply chains

Hanjin Shipping bankruptcy sends shockwaves across global supply chains

  • Order:
  • Duration: 2:34
  • Updated: 07 Sep 2016
  • views: 9185
videos
Subscribe to CCTV on YouTube: https://www.youtube.com/user/CCTVcomInternational CCTV: https://goo.gl/gYT8W8 CCTV中文国际: http://goo.gl/HcZaeZ Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv Instagram: http://instagram.com/cctvenglish
https://wn.com/Hanjin_Shipping_Bankruptcy_Sends_Shockwaves_Across_Global_Supply_Chains
Hanjin Shipping declared bankrupt

Hanjin Shipping declared bankrupt

  • Order:
  • Duration: 2:52
  • Updated: 17 Feb 2017
  • views: 558
videos
법원, 40년 역사 한진해운에 최종 파산 선고 Hanjin Shipping, once the biggest name in Korea's thriving shipping sector,... was officially declared bankrupt today. Despite injections of governmental support, it folded under the weight of billions of dollars of debt. According to our Kim Min-ji, this development is expected to deal a damaging blow not just to the local industry, but the economy as a whole. A 40-year history... ended. The Seoul Central District Court on Friday cut off the lifeline of Hanjin Shipping -- once Korea's largest shipping company... and the world's seventh largest -- following a two-week appeals period. A bankruptcy trustee will now be appointed to sell off Hanjin's remaining assets. Earlier this month, the court decided to end the rehabilitation scheme,... saying the firm's liquidation value would be worth more than its value as a going concern. Hanjin had been under court receivership since last September, after creditors decided not to extend further financial support. At the time, the company's debt stood at over 5 billion U.S. dollars. Hanjin's collapse was preceded by tough industry conditions,... including low freight rates due to overcapacity, and a decline in shipments from slumping global demand. Some of Hanjin's routes will now be covered by foreign shippers,... and Korean exporters may have to shoulder the cost of redirecting the shipments or finding new shippers. Layoffs are another concern -- while the government says 2-thousand workers will lose their jobs,... experts expect about 25-thousand job losses from related companies as well. "I feel as though the government failed to recognize the importance of the shipping industry as a national industry. Rather than help it stand up again,... Hanjin was forced to sell its major assets -- in essence, leaving it with no options to create profit. The collapse is expected to result in a plunge in Korea's credibility as a shipping nation." Hyundai Merchant Marine now becomes the dominant player in the local shipping industry. It will take on about 200 Hanjin employees and stakes in Hanjin's overseas terminals... and it's aiming to grab 5 percent of the global market share by 2021. It currently holds about 2-point-2 percent of all shipping routes -- falling short of Hanjin's share of about seven percent in cargo from Asia to North America. With more industries set to go through debt workout schemes, experts say the government needs to do more in the initial stages. "We cannot look at different sectors as one. It should depend on the industry outlook and economic principles. We have to consider both the company's financial status and industry factors -- and then decide what's needed." Experts add that as timing is key in corporate restructuring, they say it's important that the next administration sees it as a priority. Kim Min-ji, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/Hanjin_Shipping_Declared_Bankrupt
Bankruptcy Of Major Shipping Company Causes Cargo Crisis

Bankruptcy Of Major Shipping Company Causes Cargo Crisis

  • Order:
  • Duration: 2:05
  • Updated: 05 Sep 2016
  • views: 1527
videos
The bankruptcy of shipping company Hanjin is causing major problems here in Southern California. Cristy Fajardo reports.
https://wn.com/Bankruptcy_Of_Major_Shipping_Company_Causes_Cargo_Crisis
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

  • Order:
  • Duration: 41:14
  • Updated: 07 Sep 2016
  • views: 7156
videos
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
https://wn.com/Panic_Now_Global_Shipping_Chaos_Ghost_Ships_Hanjin_Bankruptcy
What Happens When A Shipping Company Goes Bust | CNBC

What Happens When A Shipping Company Goes Bust | CNBC

  • Order:
  • Duration: 1:55
  • Updated: 16 Sep 2016
  • views: 3550
videos
Here’s the anatomy of a bankruptcy when you’re one of the world’s top ten shipping companies. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC What Happens When A Shipping Company Goes Bust | CNBC
https://wn.com/What_Happens_When_A_Shipping_Company_Goes_Bust_|_Cnbc
True Religion Files Bankruptcy + Ebay Users Photos Removed

True Religion Files Bankruptcy + Ebay Users Photos Removed

  • Order:
  • Duration: 7:51
  • Updated: 06 Jul 2017
  • views: 6929
videos
Photobucket removes ebay amazon etsy photos- https://www.theverge.com/2017/7/4/15919224/photobucket-broken-images-amazon-ebay-etsy-paid-update True Religion Bankrupt- https://www.usatoday.com/story/money/2017/07/05/jeans-maker-true-religion-seeks-revival-chapter-11-bankruptcy/451097001/ Hobby Lobby owner Fined- https://www.usatoday.com/story/money/business/2017/07/05/hobby-lobby-fined-3m-over-smuggled-iraqi-artifacts/103457614/ Thanks for checking out my channel. Make sure to subscribe!! MY EQUIPMENT: Female Mannequin- http://amzn.to/2uEnCxS Male Mannequin- http://amzn.to/2slaFIw Shipping Tape Gun- http://amzn.to/2s7rc6f Ebay/Amazon Scale- http://amzn.to/2hIF2r2 Photo Lighting Kit- http://amzn.to/2mEdSQq Microphone (Blue Yeti Blackout)- http://amzn.to/2sAHTaU Microphone Pop Filter- http://amzn.to/2tKN6NU Video Game Cleaner- http://amzn.to/2jD08Iy Poly Mailers - http://amzn.to/2iVae2t Bubble Mailers - http://amzn.to/2iVcUgt Logitech Webcam - http://amzn.to/2iZcLc7 Thermal Printer- http://amzn.to/2mqkhST Canon G7X II Vlog Camera- http://amzn.to/2ujOgwH (Disclosure, these are amazon affiliate links & I do get paid a small commission if you purchase using them) My EBAY STORE- https://rover.ebay.com/rover/1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338069183&mpre=http%3A%2F%2Fstores.ebay.com%2FTheElectronixZone1 For 1 on 1 coaching Pricing & Availability Email me: Rockstarflipper @Gmail.com JOIN THE FACEBOOK RESELLER GROUP- (questions answered 24/7 from members) https://www.facebook.com/groups/689595301181796/ FOLLOW ME ON SOCIAL MEDIA: Facebook.com/Rockstarflipper Instagram.com/Rockstarflipper Twitter.com/Rockstarflipper
https://wn.com/True_Religion_Files_Bankruptcy_Ebay_Users_Photos_Removed
Westinghouse Bankruptcy Will Kill India’s Nuclear Deal

Westinghouse Bankruptcy Will Kill India’s Nuclear Deal

  • Order:
  • Duration: 10:31
  • Updated: 30 Mar 2017
  • views: 1546
videos
Westinghouse, a leading nuclear reactor manufacturer has filed bankruptcy in U.S. dealing a blow to the nuclear power industry. Newsclick spoke to Prabir Purkayastha, on the impacts this will have globally and in India. The filing ends the takeover of Westinghouse by Toshiba, one of a handful of nuclear contractors left worldwide. It will also have an impact on India, as Westinghouse was a part of the Indo-US nuclear deal.
https://wn.com/Westinghouse_Bankruptcy_Will_Kill_India’S_Nuclear_Deal
Biggest Bankruptcy Bets for 2017

Biggest Bankruptcy Bets for 2017

  • Order:
  • Duration: 3:37
  • Updated: 17 Oct 2016
  • views: 975
videos
The stabilization of energy prices in 2016 stemmed a potential wave of oil patch bankruptcies. That pause could end in 2017 as steep debt loads may prove too much for some suppliers, said Ted Gavin, managing partner of Gavin/Solmonese. "I think the data shows that the prolonged drop in oil prices has led companies seeking to hold on through the trough to use debt to replace what used to be income," said Gavin. "Rather than curtailing operations, companies are going deeper in debt waiting for pricing to return to a level more likely to provide for breakeven or better operations," said Gavin. "Like all businesses, increases in debt in the oil business has a short lifespan before the company faces failure - and here we are." Gavin said the shipping industry is not going to be totally undone by the Hanjin bankruptcy, which many are calling the "Lehman of the shipping world". In his view, there is no lack of capacity in shipping and all the other shippers are going to be getting a little bit healthier by Hanjin's demise. "It may result in slightly higher goods pricing, but the significance of a broader impact of Hanjin is being overblown," said Gavin. As for the retail sector, Gavin said the bankruptcies at Sports Authority, Aeropostale and Golfsmith will have a major impact on commercial real estate due to shrinking tenants of this size and scale. Moreover, he said retailers like Sears are at high risk of default due to declining mall traffic, competition from online and other types of retailers, and a lack of a compelling product line. Finally, Gavin said for-profit colleges and universities could soon be a thing of the past as federal regulators have begun zeroing in on the industry's habit of exploiting students. The last example of this is ITT Educational Services , which recently filed for bankruptcy after losing access to federally backed student loans. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
https://wn.com/Biggest_Bankruptcy_Bets_For_2017
Bankruptcy of cargo company could create economic ripple

Bankruptcy of cargo company could create economic ripple

  • Order:
  • Duration: 2:28
  • Updated: 08 Sep 2016
  • views: 970
videos
Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.
https://wn.com/Bankruptcy_Of_Cargo_Company_Could_Create_Economic_Ripple
Global Shipping Bankruptcy Crisis

Global Shipping Bankruptcy Crisis

  • Order:
  • Duration: 4:22
  • Updated: 01 Sep 2016
  • views: 1032
videos
Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.
https://wn.com/Global_Shipping_Bankruptcy_Crisis
Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets F

Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets F

  • Order:
  • Duration: 9:59
  • Updated: 13 Aug 2017
  • views: 0
videos
After years of relentless decline in the . Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen NKK News Headlines, world news, top news, top breaking . KAL HALAL YAHAWAH BA HA SHAM YAHAWASHI Link: . Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: .
https://wn.com/Global_Supply_Chains_Paralyzed_After_World's_7Th_Largest_Shipper_Files_Bankruptcy_Assets_F
4/20/17 BREAKING NEWS! - PLASTC Card is BANKRUPT! We all got screwed!

4/20/17 BREAKING NEWS! - PLASTC Card is BANKRUPT! We all got screwed!

  • Order:
  • Duration: 5:19
  • Updated: 20 Apr 2017
  • views: 3584
videos
PLASTC Card just announced today that they are closed and bankrupt. All backers got screwed!!! We Regret to Inform You... For the past 3 years, our mission here at Plastc was to build and deliver the most technically ambitious smart card on the planet. After making enormous leaps in development, product innovation and progress towards our goal, Plastc has exhausted all of its options to raise the money it needs to continue. Plastc, Inc. is exploring options to file Chapter 7 Bankruptcy and will cease operations on April 20, 2017. While we have fallen short of our goal, we are proud of our team and the effort that went into developing a working Plastc Card. However, without the necessary capital to continue, all employees have been let go, which means that Customer Care and Social Media channels are unmanned or have been shut down. How We Got Here: We were expecting to close a $3.5 million Series A funding round on February 28, 2017. There are functioning Plastc Cards, which were demonstrated to our investors and our backers, and the capital was to be allocated for the mass production and shipping of Plastc Cards to pre-order customers. At first, the principal investment group postponed their investment and a couple of weeks later the round fell apart. After the initial funding was unavailable, Plastc made progress with another investor who offered $6.75 million. This deal was scheduled to close last week and would propel development across the finish line, as well as allow for Plastc Card pre-orders to be shipped and for production to continue into a retail phase. However, once again at the very last minute, our investor gave us notice that they have decided rescind their investment offer. The round was a signature away from closing and we were extremely caught off guard when they notified us yesterday they were backing out. Our existing investors kept us alive and functioning as long as they could during this fundraising process, but in the end, we needed new outside capital to get into production. What This Means For Backers: It’s been a long road with a lot of obstacles. The support of our amazing backers has been incredible, which makes this announcement even harder. We were so incredibly ready for production in order to hit our deadlines but without capital it is impossible for us to move forward and we will not be able to fulfill any pre-orders. We are disappointed and emotionally distraught, and while we know this is extremely disappointing for you, we want our backers to know that we did everything we could to make Plastc Card a reality. - Plastc Inc.
https://wn.com/4_20_17_Breaking_News_Plastc_Card_Is_Bankrupt_We_All_Got_Screwed
25 Fortune 500 Companies Who Declared Bankruptcy [2016]

25 Fortune 500 Companies Who Declared Bankruptcy [2016]

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  • Duration: 8:51
  • Updated: 06 Sep 2016
  • views: 768
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The global credit crisis has taken down some of the nation's largest banks and lenders in the past two years. From Lehman Brothers and Washington Mutual climbed to the top of a list. Here are the largest companies that went bankrupt in the past 10 years. Twitter https://twitter.com/INSFLX
https://wn.com/25_Fortune_500_Companies_Who_Declared_Bankruptcy_2016
Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC

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  • Duration: 2:13
  • Updated: 09 Sep 2016
  • views: 4348
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CNBC's Morgan Brennan reports the latest on the supply chain disruptions caused by the Hanjin bankruptcy. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Cargo Chaos At Sea As Hanjin Files For Bankruptcy | CNBC
https://wn.com/Cargo_Chaos_At_Sea_As_Hanjin_Files_For_Bankruptcy_|_Cnbc
Shipping Company Bankruptcy Strands Products Worldwide

Shipping Company Bankruptcy Strands Products Worldwide

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  • Duration: 1:02
  • Updated: 07 Sep 2016
  • views: 149
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Shipping company Hanjin has filed for bankruptcy, leaving hundreds of millions of dollars worth of products stranded at sea
https://wn.com/Shipping_Company_Bankruptcy_Strands_Products_Worldwide
Brazilian tycoon's oil firm files for bankruptcy

Brazilian tycoon's oil firm files for bankruptcy

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  • Duration: 4:44
  • Updated: 01 Nov 2013
  • views: 2331
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Eike Batista was one of the world's richest men with a multi-billion dollar empire that included oil, mining, power and shipping, but his oil firm just filed for bankruptcy protection. Anthony Mason reports.
https://wn.com/Brazilian_Tycoon's_Oil_Firm_Files_For_Bankruptcy
Ship company bankruptcy could affect holiday shopping

Ship company bankruptcy could affect holiday shopping

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  • Duration: 1:46
  • Updated: 11 Sep 2016
  • views: 1012
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For nearly two weeks, dozens of cargo ships belonging to Hanjin Shipping have been stuck at sea after the South Korean company filed for bankruptcy. A judge's ruling has cleared the way for some of those ships to unload, but the bankruptcy could lead to problems come holiday season. Mireya Villarreal has more.
https://wn.com/Ship_Company_Bankruptcy_Could_Affect_Holiday_Shopping
45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

45 ships of Hanjin Shipping denied entry or held offshore, causing turmoil to global freight

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  • Duration: 2:15
  • Updated: 02 Sep 2016
  • views: 9415
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한진해운 선박 45척 운항차질… 국제 물류에 혼란 The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tons of goods being carried by the Korean company will reach shelves. Oh Jung-hee reports. Almost half of Hanjin Shipping's fleet has stopped operating,... ...as the company was put under a court-led restructuring scheme on Thursday. 45 ships are denied entry to ports,... or remain anchored,... in seven countries including China, Japan, India, and the U.S.,... as port workers refuse to offload or take aboard cargo in fear of unpaid fees. According to the Korea International Trade Association,... China seized or was to seize 10 Hanjin vessels,... while Singapore already has seized one early this week. The ships were denied passage through the Suez Canal as well. Cargo moving from Asia to the U.S. and Europe,... and vice versa,... are stranded in Asia waiting to be loaded. As such, a shockwave in the global supply chain seems inevitable,... as Hanjin Shipping represented nearly 8 percent of trans-Pacific trade volume for the U.S. The U.S. National Retail Federation, the world's largest retail trade association, urged the U.S. government to cooperate with the Korean government to prevent further disruptions in the market. The association described Hanjin's bankruptcy as having "a ripple effect throughout the global supply chain," ... and expressed concern that "there are millions of dollars' worth of merchandise that needs to be on store shelves that could be impacted by this." Korea's exports to the U.S. have been affected as well,.. as almost 46-percent of Samsung Electronics' exports,... 24-percent of LG Electronics',... and 58-percent of HP's exports were handled by Hanjin Shipping. To prevent further disruptions,... Korea's second largest shipping firm, Hyundai Merchant Maritime Company, has deployed 13 ships heading to Los Angeles and Europe. Other shipping lines are also moving to take over some of Hanjin's traffic,... but that won't stop shipping prices from rising,... as vessels are already operating at full capacity due to high seasonal demand. Oh Jung-hee, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/45_Ships_Of_Hanjin_Shipping_Denied_Entry_Or_Held_Offshore,_Causing_Turmoil_To_Global_Freight
Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

Global Supply Chains Paralyzed After World's 7th Largest Shipper Files Bankruptcy Assets Frozen

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  • Duration: 5:19
  • Updated: 01 Sep 2016
  • views: 2504
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http://end-time.news/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bankruptcy-assets-f/ After years of relentless decline in the Baltic Dry index... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership after losing the support of its banks, leaving its assets frozen as ports from China to Spain denied access to its vessels. For those unfamiliar with the company, here is a brief overview from its website: Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that operates some 70 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 150 container ships and bulk carriers. With 4 regional headquarters in the U.S., Europe, Asia and South East & West Asia, approximately 5,000 global staffs as well as container terminals in world’s major ports contribute to Hanjin Shipping’s world-class logistics network around the world. As Reuters reports, banks led by state-run Korea Development Bank withdrew backing for the world's seventh-largest container carrier on Tuesday, saying a funding plan by its parent group was inadequate to tackle debt that stood at 5.6 trillion won ($5 billion) at the end of 2015. South Korea's biggest shipping firm, announced the filing for receivership and a request to the court to freeze its assets, which the Seoul Central District Court planned to grant, a judge told Reuters. As part of the company's insolvency process, the court will now decide whether Hanjin Shipping should remain as a going concern or be dissolved, a process that usually takes one or two months but is expected to be accelerated in Hanjin's case, the judge said. A bankruptcy for Hanjin Shipping would be the largest ever for a container shipper in terms of capacity, according to consultancy Alphaliner, exceeding the 1986 collapse of United States Lines. http://www.zerohedge.com/news/2016-08-31/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bank THE MOST IMPORTANT ENDTIME NEWS HEADLINES FROM AROUND THE WORLD. CRITICAL NEWS YOU NEED TO KNOW THAT THE MAINSTREAM MEDIA HIDES, DISTORTS OR IGNORES. PLEASE SUBSCRIBE TO OUR NEWSLETTER BY EMAIL (BYPASS CENSORS) FOR OUR DAILY UPDATE @ https://goo.gl/KrmD7o - LIKE WHAT WE DO? APPRECIATE OUR WORK? WANT TO GIVE BACK? HERE ARE 7 WAYS YOU CAN HELP US REACH MORE PEOPLE - http://end-time.news/help - PLEASE LIKE SHARE & COMMENT & HELP US SPREAD THE WORD. THANK YOU. *** LIKE US ON FB: http://fb.com/endtimenewz *** SUBSCRIBE TO NEWSLETTER: https://fb.com/endtimenewz/app/100265896690345/ *** VISIT OUR WEBSITE @ http://end-time.news *** SUBSCRIBE TO US ON YOUTUBE: https://goo.gl/bSCuvL *** FOLLOW US ON TWITTER: https://twitter.com/end_time_news end time signs, end times 2016, end times news, end time news, end time update, end time update today, end times update, end times news update, end time news, end time news 2016, end time news updates today, end time news today, end time bible prophecy news today, christian end time news, latest endtime news, end of time news, end time prophecy news, end time world news, endtime news, endtime news update today, endtime news update this week, endtime news headlines, endtime news update, endtimes news update, end times news, end times news update today, end times news 2016, end times news headline, end times news and bible prophecy, end times news report, end times news update, end times breaking news, end times news channel, latest end times news, end of times news, end times prophecy news, prophetic signs end times news, end times in the news, end times news update 2016, end times world news, end times update, end times update 2016, end times update today, end of times update, end times prophecy update, end time update, end time update 2016, end time update today, end time prophecy updates, end time prophecy update, endtime prophecy update, endtime headline news, end times headlines, end times headline news, end time headlines
https://wn.com/Global_Supply_Chains_Paralyzed_After_World's_7Th_Largest_Shipper_Files_Bankruptcy_Assets_Frozen
Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

Hanjin Shipping files for bankruptcy protection in U.S.: Wall Street Journal

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  • Duration: 0:55
  • Updated: 05 Sep 2016
  • views: 847
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한진해운, 미국 법원에 파산보호 신청 Korea's largest shipping company, Hanjin Shipping, has reportedly applied for bankruptcy protection in the United States. The Wall Street Journal says the application was lodged last Friday, just two days after the company applied for protection in Korean courts. The filing will prevent creditors from seizing Hanjin's U.S. assets and block them from launching further legal action, while the company undergoes restructuring in Korea. The report says the U.S. bankruptcy filing was made by Suk Tai-soo, Hanjin's inside director and foreign representative. The company currently operates over 60 regular lines world-wide, with 140 container or bulk vessels. The Wall Street Journal says Hanjin's bankruptcy will be regarded as "the largest container-shipping failure in history" dwarfing all previous carrier bankruptcies. VisitArirang NewsOfficial Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/Hanjin_Shipping_Files_For_Bankruptcy_Protection_In_U.S._Wall_Street_Journal
U.S. court approves temporary bankruptcy protection for Hanjin Shipping

U.S. court approves temporary bankruptcy protection for Hanjin Shipping

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  • Duration: 0:52
  • Updated: 07 Sep 2016
  • views: 656
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美 법원, 한진해운 파산보호 신청 임시 승인 A court in the United States has granted temporary bankruptcy protection for Korea's Hanjin Shipping. The order, issued by the U.S. Bankruptcy Court in Newark, New Jersey,... comes four days after the shipping giant filed the application. The move will prevent U.S. creditors from taking legal action against Hanjin's ships and other assets, while the company undergoes restructuring in Korea. Hanjin's representatives will have to return to court on Friday to discuss unresolved logistical issues with company stakeholders. Hundreds of retailers are still awaiting shipments for the upcoming holiday season. On Tuesday, Hanjin Group announced plans to inject over 91 million U.S. dollars into its cash-strapped shipping arm. Korea's trade-ministry also launched a special task force to resolve possible knock-on effects on the broader economy. VisitArirang NewsOfficial Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
https://wn.com/U.S._Court_Approves_Temporary_Bankruptcy_Protection_For_Hanjin_Shipping
Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

Bordering Chaos: $14 Billion In Cargo Stranded at Sea, Crews Go Crazy On Hanjin Ghost Ships

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  • Duration: 3:23
  • Updated: 10 Sep 2016
  • views: 36202
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http://undergroundworldnews.com The fallout from last week's historic bankruptcy of one of the world's biggest shipping lines, Hanjin Shipping, continued with little resolution with as much as $14 billion worth of cargo stranded at sea according to the WSJ, sending cargo owners scurrying to try to recover their goods and get them to customers. Since Hanjin's bankruptcy protection filing, dozens of ships carrying more than half a million cargo containers have been denied access to ports around the world because of uncertainty about who would pay docking fees, container-storage and unloading bills. Some of those ships have been seized by the company’s creditors. As Bloomberg adds, 85 Hanjin ships that have been effectively marooned offshore as ports in the U.S., Asia and Europe have turned the company’s ships away. The worry is that Hanjin ships won’t be able to pay port fees or their contents might be seized by creditors, which would disrupt port operations. The global shipping disruption comes just as companies are shipping merchandise to fill shelves and warehouses for the end-of-year holiday season. Learn More: http://www.zerohedge.com/news/2016-09-08/its-bordering-chaos-14-billion-cargo-stranded-sea-crews-go-crazy-hanjin-ghost-ships https://www.essentialdrugstore.com/ Rebelutionary Z: https://www.youtube.com/channel/UCdA8dXTjvomPtdOmFhq5hsw https://twitter.com/Rebelutionary_Z B Rich: https://twitter.com/Brian_T33NO https://www.youtube.com/c/BRichOfficial Erick M: https://twitter.com/letmeexplainit https://www.youtube.com/channel/UCcwB6XtfJtyWW4DXKoZVn5A ToBeFree: https://twitter.com/da52true https://www.youtube.com/channel/UCvdTd5-p_sBE8oTjUOqPpPg EnterThe5t4rz: https://twitter.com/Enterthe5t4rz https://www.youtube.com/user/Enterthe5t4rz Save On Official DAHBOO7 Gear with Code "5off" http://dahboo7.deco-street.com http://foodforliberty.com/dahboo7/ You can also cut cable bills forever and save $75 with code "tigerstream75" https://tigerstream.tv/go/tigerstream7/
https://wn.com/Bordering_Chaos_14_Billion_In_Cargo_Stranded_At_Sea,_Crews_Go_Crazy_On_Hanjin_Ghost_Ships
Hanjin shipping company goes under

Hanjin shipping company goes under

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  • Duration: 1:59
  • Updated: 22 Sep 2016
  • views: 7163
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Hundreds of workers from the South Korean shipping company Hanjin are stuck on vessels around the world. The multi-billion-dollar company collapsed last month, so its ships loaded with cargo were either seized in docks or stuck at sea. One ship has been impounded in Sydney, Australia, where Al Jazeera’s Andrew Thomas has been trying to speak to those on board. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
https://wn.com/Hanjin_Shipping_Company_Goes_Under
Bankruptcy Auction! Major Retail Shipping Company Fleet

Bankruptcy Auction! Major Retail Shipping Company Fleet

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  • Duration: 0:23
  • Updated: 08 Jul 2016
  • views: 10884
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Auction Ends 7/28/2016 starting at 4PM EST. See Terms & Conditions. Bankruptcy Auction! Major Retail Shipping Company Fleet consisting of over 100 Sleepers, Day Cabs, Trailers, Straight Trucks, Vans and more. Late models from Freightliner, Peterbilt, Volvo, Hino, Isuzu, Ford, Vanguard, Great Dane, Wabash. Also other related logistics equipment. In Re: United States Bankruptcy Court for the District of New Jersey Chapter 11 Case Nos. 16-10615 and 16-10616 EZ Mailing Services, Inc. and United Business Freight Forwarders Limited Liability Company. Offer Subject to Change Without Notice. Subject to Bankruptcy Court Approval.
https://wn.com/Bankruptcy_Auction_Major_Retail_Shipping_Company_Fleet
Hanjin Shipping near bankruptcy

Hanjin Shipping near bankruptcy

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  • Duration: 0:32
  • Updated: 30 Aug 2016
  • views: 526
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https://wn.com/Hanjin_Shipping_Near_Bankruptcy
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy

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  • Duration: 41:14
  • Updated: 07 Sep 2016
  • views: 7070
videos
Panic NOW: Global Shipping Chaos- Ghost Ships; Hanjin bankruptcy
https://wn.com/Panic_Now_Global_Shipping_Chaos_Ghost_Ships_Hanjin_Bankruptcy
Wilbur Ross on the Hanjin Shipping Company crisis

Wilbur Ross on the Hanjin Shipping Company crisis

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  • Duration: 2:02
  • Updated: 12 Sep 2016
  • views: 1319
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Billionaire Investor Wilbur Ross on Hanjin Shipping’s bankruptcy and the consequences.
https://wn.com/Wilbur_Ross_On_The_Hanjin_Shipping_Company_Crisis
Global Shipping Bankruptcy Crisis

Global Shipping Bankruptcy Crisis

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  • Duration: 4:22
  • Updated: 01 Sep 2016
  • views: 1010
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Global Shipping Bankruptcy Crisis - 7th largest container shipping Company files for bankruptcy all assets & goods seized. Articles: http://www.mydailyinformer.com/breaking-news-urgent-global-supply-chains-crippled-as-7th-largest-container-shipping-co-on-earth-files-bankruptcy-assets-seized/ also http://www.marketplace.org/2016/08/31/business/shipping-news please share, comment and SUBSCRIBE Thank you.
https://wn.com/Global_Shipping_Bankruptcy_Crisis
Bankruptcy of cargo company could create economic ripple

Bankruptcy of cargo company could create economic ripple

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  • Duration: 2:28
  • Updated: 08 Sep 2016
  • views: 949
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Morgan Brennan reports on Hanjin Shipping's bankruptcy and its effect on the global supply chain during peak season ahead of the holidays.
https://wn.com/Bankruptcy_Of_Cargo_Company_Could_Create_Economic_Ripple