After two weeks of impenetrable legal limbo, there was some good news for owners of cargo stuck in the bowels of container ships belonging to the recently bankrupt South Korean shipping giant, Hanjin Shipping. As Bloomberg reported according to the insolvent shipper, at least some vessels are in line to unload cargo at Long Beach port in California after a U.S. court Friday granted bankruptcy protection, easing a gridlock that disrupted delivery of goods.
Three more Hanjin ships are waiting at the port to clear their freight once Hanjin Greece, which is currently offloading, clears early Sept. 12 local time, Hanjin said in response to a query. Truck drivers probably will begin moving containers from the Greece on Monday while the vessel prepares to leave late in the day for the Port of Oakland, said Teamsters spokeswoman Barbara Maynard and shipping traffic controllers, cited by Reuters. Port workers began taking Hanjin Greece’s cargo ashore at 8 a.m. local time Sunday, and the Hanjin Gdynia will follow, Noel Hacegaba, chief commercial officer of the Port of Long Beach, said in a telephone interview Sunday.
Continue reading Track All Of Bankrupt Hanjin’s “Ghost Ships” In Real Time | Zero Hedge
When we first reported about the imminent paralysis of an unknown number of global supply chains and a potential shock in worldwide trade as a result of the historic bankruptcy of Hanjing Shipping, one of the world’s largest container shipping companies which handles 8% of Trans-Pacific trade volume for the US market, we concluded that “the global implications from the bankruptcy are unknown: if, as expected, the company’s ships remain “frozen” and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos.The good news is that both economists and corporations around the globe, both those impacted and others, will now have yet another excuse on which to blame the “unexpected” slowdown in both profits and economic growth in the third quarter.“
However, not even this extreme forecast captured what would happen just 48 hours later, when as the WSJ reported overnight, retailers have gone far beyond simply blaming the Hanjing bankruptcy for their upcoming woes: they are petitioning for a government bailout, or as the WSJ put it, they are “bracing for a blow as they stock up for the crucial holiday sales season, asked the government to step in and help resolve a growing crisis.”
Continue reading “Tremendous Ripple Effects” – Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade | Zero Hedge
(Ban Ki-moon’s shoes found)
Secretary General of the United Nations Ban Ki-moon has hit a rough spot in his official / unofficial visit to Asia.
His intention was first and foremost to prevent Neil Keenan from pursuing and completing a project that would have destroyed the Khazarian / Zionist banking system. Subsequently, Keenan is working toward implementing a new financial system. You will discover more with regard to this in Neil Keenan’s next post.
Continue reading NEIL KEENAN UPDATE | China Shoves, Keenan Pushes To Put An End To UN / NWO / Ban Ki-moon’s Foolishness | Neil Keenan – Group K, Ltd.
A secret meeting was taking place within the walls of this famous restaurant in a section placed together with high level security just for them.
Within sat some of the more prominent politicians and Globalists on the planet. One had it all and the other used to have.
The shoes have changed feet now and you could see the feeble old man known as Secretary General of the UN, squirming in his chair hoping to con the President of the great nation of China after previously having visited South Korean President Park.
Continue reading NEIL KEENAN UPDATE | UN Secretary General Ban Ki moon Attempts To Pull The Wool Over Chinese / Korean Eyes – Only To Find There’s No Wool | Neil Keenan – Group K, Ltd.