Hanjin Shipping Co., a significant player in the global shipping industry, abruptly ceased operations after losing its funding, causing widespread disruption in its supply chain. This sudden shutdown has left several of its ships stranded worldwide, notably outside ports in Southern California. The ripple effects are being felt by retailers awaiting Christmas inventory and exporters trying to send goods to Asia. Amidst the uncertainty, Hanjin vessels were denied entry at Los Angeles and Long Beach ports, leaving at least four ships, including the Hanjin Constanza, Hanjin Greece, and Hanjin Boston, floating off the coast. The situation remains fluid as stakeholders seek clarity on the next steps.
Why big ships are being turned away from ports of Los Angeles and Long Beach
