Hanjin Shipping

The shipping major, ravaged by collapsing revenues, is slowly waking up to the redeeming potential of technology

The collapse of South Korea's biggest shipping operator late last month has plunged the shipping industry into chaos

However, Korean Air Lines did not say when the funds for unloading would be disbursed

An estimated $14 billion of cargo was trapped on Hanjin ships when the carrier collapsed late last month

Liquidation remained the most likely outcome for Hanjin Shipping

The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in wake of the collapse of container shipper

Hanjin Shipping, South Korea's biggest container line, is roiling the supply chain for goods. After Hanjin filed for bankruptcy protection, about half its fleet was stranded. While one ship has been unloaded at a US port on Monday, many are still at sea. Ports in the US, Asia and Europe have turned the ships away. Shares of Hanjin, have lost about two-thirds of their value this year. Here's a chart on Hanjin Shipping in crucial numbers:97 container ships in fleet7th world's biggest container shipping line2.9% market share89 container ships in fleet$14 bn value of goods stuck$549 mn estimated funds needed to cover unpaid costs, including payments for fuel and port operatorsKEY AFFECTED CUSTOMERS INCLUDEn Samsung Electronicsn LG Electronicsn Esquel Group, Hong Kong- based manufacturer for fashion brands including Nike, Hugo Boss and Ralph LaurenDECLINING MARKET VALUE$1.2bn (September 8,'15) market value a year ago$367mn (August 29) market value a day before company's board meeting to dec

Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms refused to work for Hanjin

A Hanjin Shipping container vessel idled off the coast of Mexico after the company's bankruptcy has received permission to dock and unload cargo at the Port of Long Beach, industry and union officials said Friday.Authorisation for the Hanjin Greece to enter the port came after bankruptcy courts in the United States and South Korea cleared the way for the company to spend $10 million to unload cargo from four ships headed for ports on the US West Coast.South Korea said it expects Hanjin Greece to start unloading cargo on Saturday morning US time. Hanjin could not be immediately reached for a comment."We're looking forward to getting these ships unloaded, said Ray Familathe, vice-president of the International Longshore and Warehouse Union representing 20,000 dockworkers. But he said that could be complicated by legal wrangling."It's a day-to-day thing for us," he said.US Bankruptcy Judge John Sherwood, who issued an order barring seizure of Hanjin property by creditors, acknowledged tha

Stranding cargo for the likes of HP and Samsung Electronics