Bankrupt Hanjin Shipping Co. Unloads Stranded Cargo

By Hannah Abrams

Thirty-one of 97 stranded Hanjin Company ships have unloaded stranded cargo. (Image via The Wall Street Journal)

Earlier this month, we reported on South Korean shipping company Hanjin Shipping Co. Ltd.'s stranded cargo ship. Because the company filed for bankruptcy in August, it stranded several ships off the coast of California. Finally, the company's main creditor offered Hanjin $100 million to gets its ships moving, The Wall Street Journal reported.

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Hannah Abrams Author's page

Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his ~~first~~ second Academy Award.