The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. Three Hanjin container ships, ranging from about 700 feet to 1,100 feet (213 meters to 304 meters) long, were either drifting offshore or anchored away from terminals on Thursday. Hanjin Shipping spokesman Park Min did not confirm any other seizures. The Korea International Trade Association said about 10 Hanjin vessels in China were seized or likely to be seized by charterers, port authorities or other parties. It said 540,000 TEU of cargo already loaded on Hanjin vessels would face delays.

Source: ABC News September 02, 2016 00:30 UTC