Some of those new Samsung phones may be a while getting into stores. That’s because there’s about $14 billion dollars worth of goods floating around on ships owned by a bankrupt South Korean shipper. The NY Post reports about $38 million worth of Samsung goods are on board. A major bank says Hanjin Shipping Co., Ltd. – the world’s seventh-largest container carrier – needs financial support this week to normalize operations. Until that happens, the stuff is not coming off the 86 stranded ships.
Read more here:
http://nypost.com/2016/09/08/no-help-on-the-horizon-for-14b-of-stranded-sea-cargo/
