The South Korean firm Hanjin Shipping has been given protection from creditors by a US court after it filed for bankruptcy last week.
A judge at the District of New Jersey Bankruptcy Court has given the shipping giant an interim provisional order, temporarily preventing creditors from seizing assets in the country.
☛ Want to stay up to date with the news? Sign up to our daily bulletin.
Get a free 30 day trial to access all Supply Management website stories click here >
Receive email job alerts from Supply Management Jobs click here >
Not a CIPS member? Why not join CIPS to access a full range of benefits, including:
And much more.
Click here to join >