Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
Thomson Reuters global trade management business, ONESOURCE Global Trade, conducted its second annual Global Trade Survey, shedding light on trends and challenges faced by trade experts and multinationals alike.
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The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.
The U.S. Justice Department said Thursday that three men were arrested on charges of illegally exporting military technology to Russia.
The association has been pushing for standardization around importer identification, but is concerned about a customs reauthorization bill approved by Congress, which calls on brokers to provide importer information to CBP.