The Seattle Times reports that ”The South Korean government declined to step in and prevent the collapse, an unusual setback for a unit of a powerful Korean conglomerate.”
Northwest Seaport Alliance spokeswoman Tara Mattina said this morning that Terminal 46 at the North Harbor (Seattle), Hanjin’s main home here, is not accepting any Hanjin deliveries. Husky Terminal in the South Harbor (Tacoma) is prepared to unload imports but not accepting any exports or empty containers. Both terminals have private operators.
No Hanjin Shipping vessel is in port here now, although one was scheduled to arrive Saturday. It might not make it, Mattina said. “We’re hearing reports of ships anchoring in open water because pilots, terminal operators and others along the supply chain are asking for cash up front before anyone will work the ships or touch Hanjin cargo.” Indeed, reports elsewhere say the company is afraid its ships might be seized by creditors, or it’s already happened.