We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Walmart Ends All Contracts With South Korean Shipping Companies

February 14, 2017: 12:00 AM EST
Walmart has terminated all contracts with South Korea-based shipping companies following the Korean government’s move to allow Hanjin Shipping go bankrupt. One of Hanjin Shipping’s biggest consignors for over 20 years, Walmart is reportedly the most adversely affected by the debt-ridden shipping company’s filing for court receivership. Hanjin Shipping had handled about 10 percent of Walmart’s total freight volume, or as many as 30,000 containers, every year.
Jhoo Dong-chan, "Walmart cuts contracts with Korean shippers after Hanjin fiasco", Korea Times, February 14, 2017, © ktimes.com
Domains
RETAIL BUSINESS
Operations
Strategy
Geographies
Worldwide
North America
Asia-Pacific
United States of America
South Korea
Categories
Companies, Organizations
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.