The Port of Long Beach (pictured) is just one of many ports no longer accepting new Hanjin imports or exports. Credit: Port of Long Beach
The bankruptcy of the Hanjin Shipping line is already causing turmoil at ports in the US and beyond; cargo continues to be delayed at the point of origin and cargo-laden Hanjin ships are unable to get into ports.
Further, cargo that has already been delivered is clogging up ports, taking up valuable space.
Port of Long Beach spokesman Michael Gold told the LA Times that its terminals are not accepting any new Hanjin imports or exports. This includes the port’s largest terminal TTI, in which Hanjin has a majority stake. … The LA Times also reported that the Port of Oakland terminal that handles Hanjin’s cargo is continuing to unload Hanjin ships and will deliver loaded import containers to Hanjin customers. It is, however, refusing to load containers of US exports on outbound Hanjin vessels unless full payment is received in advance.
Other port authorities and terminals in Shanghai, Xiamen, Valencia and Savannah, among more, have blocked Hanjin ships over similar concerns that the company cannot pay port and stevedoring costs.