Hanjin Shipping in receivership

On August 31st, one of the world's largest container carriers, Hanjin Shipping Co., filed for bankruptcy protection. The South Korean court system will soon determine whether Hanjin will face either liquidation or restructuring. The company is no longer accepting new cargo and its ships have been seized or turned away from major ports.

CanGift members who may be affected are encouraged to check their insurance policies for coverage which may mitigate their losses.

Read more from two respected sources: I.E. Canada and The Wall Street Journal.