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Bankrupt Korean shipper desperate for funds to unload stranded ships

Nearly a week after Hanjin Shipping Co. filed for bankruptcy, three of the South Korean company’s vessels remained adrift or anchored Tuesday near the Los Angeles and Long Beach ports as the shipping line’s executives scramble to raise money to pay creditors. Hanjin, the world’s seventh-largest shipping company, filed for bankruptcy last Wednesday. The resulting halt […]

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