South Korea's Hanjin Files For Bankruptcy, Leaving American Shippers In The Lurch

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.

Ali Velshi, business journalist. He tweets @AliVelshi.