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U.S. Retailers Fear for Cargo aboard Hanjin Ships

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The National Retail Federation and the Hardwood Federation have led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors affected by the Hanjin Shipping bankruptcy in sending a letter to U.S. Commerce Secretary Penny Pritzker outlining specific concerns and urging her continued leadership in bringing about a resolution.

Among the concerns detailed in the letter is ongoing confusion about the location of cargo, where it will be unloaded and whether a cargo owner’s goods will be seized by Hanjin’s creditors once the ships are docked.

The coalition also told Secretary Pritzker that shippers are facing both higher fees assessed to pick up cargo as well as steadily increasing freight charges as they look for new transportation options.

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