Here & Now Here & Now

Support the news

South Korea's Hanjin Files For Bankruptcy, Leaving American Shippers In The Lurch03:40

Play
A worker walks next to a Hanjin cargo ship anchored in the Atlantic gate of the Panama Canal on Oct. 20, 2006. (Orlando Sierra/AFP/Getty Images)closemore
A worker walks next to a Hanjin cargo ship anchored in the Atlantic gate of the Panama Canal on Oct. 20, 2006. (Orlando Sierra/AFP/Getty Images)

One of the world's largest container carriers, South Korea's Hanjin, filed for bankruptcy yesterday.

Its ships have been seized in Chinese ports, causing companies to scramble for other sources of transport. The bankruptcy at the world's seventh-largest shipper poses problems for American companies ahead of the busy holiday season.

Here & Now's Jeremy Hobson speaks with business journalist Ali Velshi about the repercussions.

Guest

Ali Velshi, business journalist. He tweets @AliVelshi.

This segment aired on September 1, 2016.

+Join the discussion
Share

Support the news

Next Up

Where to now?

More Here & Now or Explore Audio.