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    HanJin Bankruptcy

    So, in learning about 500 hundred billion tons of cargo stuck, how do you think this will affect the new fabric lines coming out in nov? Or how about how it will affect christmas black friday sales?
    http://www.reuters.com/article/us-ha...-idUSKCN11Q2TA
    http://www.latimes.com/business/la-f...nap-story.html
    Blogging ahead.....research in quilting and sewing with a dab of cooking/recipes too.

    https://myquiltprojects.wordpress.com/

    https://thecookbookproject.wordpress.com/

    #2
    Re: HanJin Bankruptcy

    Well, I didn't know this was happening. I've sort of buried my head in the sand with this political season because I don't like the talking heads that don't know what they are talking about. I try to stay abreast of othr things and when you don't watch tv sometimes you miss stuff. But interesting/
    Walk in peace with the Lord by your side.
    Terry

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      #3
      Re: HanJin Bankruptcy

      Wasn't there some big problem a couple years ago with shipments coming from China? Maybe it was a dock workers strike. I remember people complaining because they were not able to buy Easter baskets.

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        #4
        Re: HanJin Bankruptcy

        I've been wondering about the smell when they unload the elderly onions stranded on one of their ships. And someone in Australia is waiting on her wedding dress.

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          #5
          Re: HanJin Bankruptcy

          The Reuters article mentions "textiles" but in the context of clothing, not fabric. How much of our fabric comes from North Korea? Or do these ships deliver from all over the world?

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            #6
            Re: HanJin Bankruptcy

            The answer is Yes! It will have an effect on everything.
            My friend works for a hay export company. They have a couple of containers of hay floating off the coast of China. They can't dock because the shipper can't pay the workers to unload it, nor the port to transport it. She has more shipments sitting on the docks in Korea trying to get to China, but again, until they find a different route and pay for more shipping fees (on top of the original fees paid to Hanjin) they will sit. She is having a fit. At least she can do something about the containers in port. The ones afloat are hosed until they can come to some agreement with the ports in all of the different countries.
            I feel even worse for the crews on the freighters. They are stuck out there on the sea. Supplies are going to run short quickly. I hope something can be done for the sailors.
            Be who you are and say what you feel
            because those who mind don't matter,
            and those who matter don't mind. - Dr. Seuss

            http://www.toggpine.wordpress.com

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