{"id":69,"date":"2016-09-11T16:32:02","date_gmt":"2016-09-11T16:32:02","guid":{"rendered":"http:\/\/www.bocintl.com\/en\/?p=69"},"modified":"2016-09-11T16:32:02","modified_gmt":"2016-09-11T16:32:02","slug":"one-hanjin-ship-begins-unloading-in-long-beach-while-others-are-still-anchored-offshore","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/one-hanjin-ship-begins-unloading-in-long-beach-while-others-are-still-anchored-offshore\/","title":{"rendered":"The BOC Blast 141 – One Hanjin ship begins unloading in Long Beach, while others are still anchored offshore"},"content":{"rendered":"

\"imagen15\"<\/a>
\nOne <\/b>Hanjin<\/b> ship begins unloading in Long Beach, while others are still anchored offshore <\/b>
\n(excerpted<\/i> from LATimes.com, Sept 10, 2016)<\/i>
\nFull story: http:\/\/www.latimes.com\/business\/la-fi-hanjin-long-beach-20160910-snap-story.html<\/i>
\nOne of three Hanjin\u00a0ships idled for days off the Southern California coast was allowed to dock in Long Beach and begin unloading cargo early Saturday, a sign that a crisis sparked by the Korean shipping company\u2019s bankruptcy may be easing.
\nThe Hanjin Greece, which had been at sea since leaving Busan on Aug. 21, docked at Pier T in Long Beach at 6:50 a.m., according to the Marine Exchange of Southern California, a traffic controller for the L.A. and Long Beach port complex. The ship is expected to depart on Monday after unloading.
\nThe Greece was allowed to dock after U.S. and Korean bankruptcy courts allowed Hanjin to spend $10 million to unload that ship and others, according to Reuters.
\n\u201cThere are a lot of people suffering,\u201d said Patrick Kelly, executive officer of Teamsters Local 952, speaking at a news conference in Wilmington on Saturday morning.
\nHe said\u00a0the situation has been particularly hard for truck drivers, as many of them are classified as independent contractors, not as company employees, meaning they cannot claim unemployment benefits when work dries up.
\nU.S. workers unload first of <\/b>Hanjin<\/b> ships stalled by bankruptcy<\/b>
\n(excerpted from Reuters.com, Sept 10)
\nFull story: http:\/\/www.reuters.com\/article\/us-hanjinshipping-debt-usa-ports-idUSKCN11G0X5
\nDock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd (117930.KS<\/a>), breaking a logjam that has stranded goods on a dozen vessels bound for the U.S. West Coast.
\nThe Hanjin Greece docked at the Port of Long Beach in California early Saturday morning and workers were hauling off containers of products destined for U.S. retailers, labor union officials said.
\nBut ending the Hanjin shipping crisis could be a protracted affair. Port operators, cargo owners, longshoremen, shippers and others all must reach financial agreements with Hanjin before each ship can be docked, officials said.
\nTwo other ships owned by the South Korean shipper were anchored close to the Long Beach port but as of mid-day Saturday did not have orders to dock, according to the Marine Exchange of Southern California, a group that tracks cargo ship traffic. Union officials said nine others were floating in the Pacific.
\nOn Friday, courts in South Korea and the United States cleared the way for Hanjin to spend $10 million to unload cargo from four ships headed to the U.S. West Coast. And on Saturday, shareholder Korean Air
\napproved a plan to provide 60 billion won ($54.16 million) to the troubled shipper.
\nWhile the unloading of the Hanjin Greece was underway, truck drivers had not yet been called in to transport the goods from the port for distribution to retailers, many of which are awaiting products for the busy holiday shopping season.
\n“At this moment, the drivers are still idle,” Patrick Kelly, secretary-treasurer for Teamsters Local 952, said at a news conference on Saturday morning.
\nShippers take legal action to reclaim cargo \u2018held hostage\u2019 by <\/b>Hanjin<\/b>
\n(excerpted from theloadstar.co.uk, Sept 9)<\/i>
\nhttp:\/\/theloadstar.co.uk\/hanjin-customers-take-legal-action-reclaim-cargo-held-hostage\/<\/i>
\nSome of Hanjin\u2019s largest customers in the US have filed court requests to allow them to reclaim their cargo, amid accusations that the bankrupt Korean shipping line has resorted to holding\u00a0cargo hostage as a way of \u201cextorting\u201d cash.
\nSamsung, Korea\u2019s largest exporter of electronic equipment, said in its\u00a0filing to the US Bankruptcy Court in New Jersey that the interim provisional relief order granted to Hanjin last week needed to be revised to allow the shipping line\u2019s vessels to depart ports once unloading\u00a0is\u00a0complete.
\nSamsung hit out at\u00a0the court\u2019s provisional relief order\u00a0that\u00a0bars creditors from\u00a0arresting a Hanjin vessel after it\u00a0docked, but also prevents\u00a0the vessels leaving\u00a0the port. It said: \u201cThe requirement that ships not leave is effectively an arrest order, leaving both Hanjin and ports unsure whether ships will ever leave. Not surprisingly, no ships have docked and no cargo has been unloaded since the order.\u201d
\nSamsung has\u00a0requested the court revise the order to allow firms to pay third parties \u2013 such as\u00a0terminal operators or 3PLs \u2013 to handle Hanjin containers with\u00a0cargo still inside so their goods can be\u00a0retrieved.
\n\u201cThis relief makes eminent sense, as it does not prejudice the debtor in any way and ensures that cargo holders \u2013 who are otherwise hostage to these proceedings \u2013 can obtain possession of their products in timely manner,\u201d its filing said.
\nSamsung is clearly becoming increasingly convinced that Hanjin has little chance of exiting bankruptcy and fears its cargo could be stranded for a long time. \u201cThe debtor [Hanjin] has not yet demonstrated (or revealed to creditors) any ability to obtain financing\u00a0to\u00a0commence even rudimentary operations so that ships can berth and cargo be delivered.
\n\u201cThis lack of progress continues to result in significant damage to cargo owners, including Samsung. Given these circumstances, it is time for the court to impose an appropriate process to allow individual cargo owners to obtain possession of their property,\u201d it said.
\nMeanwhile, Californian furniture supplier Ashley Furniture has also begun legal proceedings, accusing\u00a0Hanjin of \u201cextortion\u201d by\u00a0\u201cholding\u00a0its cargo hostage\u201d to raise cash from Ashley, which has some 850 boxes in Hanjin\u2019s possession. \u201cHanjin\u2019s actions immediately prior to, and following, the 6 September hearing have made it abundantly clear that Hanjin is seeking to abuse the protection of the bankruptcy code and hold Ashley\u2019s property hostage; and is making extortionate demands before agreeing to transfer possession of cargo to beneficial cargo owners,\u201d it said.
\nIt added\u00a0that Hanjin had previously provided port-to-door services at an all-in rate that included terminal handling charges and inland haulage costs, and would collect the empty containers once they were unstuffed at Ashley\u2019s distribution centres.
\nAshley said since it was placed into Chapter 15, Hanjin had continued to charge full port-to-door rates but only delivered cargo to the nearest terminal. The line was\u00a0claiming that the return of empty containers was now Ashley\u2019s responsibility and that the shipper\u00a0needed to settle \u201cunpaid port and haulage charges\u201d.
\nIt claimed: \u201cThus, Ashley is being forced to pay twice for the same service, once to Hanjin and once to the port operator or land transporter.
\n\u201cThese unilaterally revised contract terms will force Ashley to incur substantial additional costs to retrieve its products from their current locations, as well as the costs of returning the debtor\u2019s containers and chassis to the port, terminal or other location.\u201d
\n\"imagen6\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One Hanjin ship begins unloading in Long Beach, while others are still anchored offshore (excerpted from LATimes.com, Sept 10, 2016) Full story: http:\/\/www.latimes.com\/business\/la-fi-hanjin-long-beach-20160910-snap-story.html One of three Hanjin\u00a0ships idled for days off the Southern California coast was allowed to dock in Long Beach and begin unloading cargo early Saturday, a sign that a crisis sparked by<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-69","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/69","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":0,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/69\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=69"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=69"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}