The collapse of South Korea 's Hanjin Shipping has upset global trade as the nation 's largest port turned away the company 's ships leaving manufacturers scrambling for alternatives . It filed for court protection on 6 August after its banks ended their financial support , resulting in ports from China to Japan , the US and Canada refusing to allow access to Hanjin 's ships . LG Electronics reportedly had to cancel its orders with China and is looking for alternatives to ship its cargo . "Unlike dry cargo, liner shipping is all about marketing and service reliability — we haven't seen any large carriers come back from collapse," said Rahul Kapoor, a director at maritime consultancy Drewry Financial Research Services. Home appliances , unlike mobile phones and semiconductors , are shipped by sea , leaving one official to note that " this will have an impact on the entire industry . " The South Korean ministry has called on local rival Hyundai Merchant ##s to help out , however , as we have previously noted , it too is under voluntary debt restructuring .
The collapse of South Korea 's Hanjin Shipping has upset global trade as the nation 's largest port turned away the company 's ships leaving manufacturers scrambling for alternatives . It filed for court protection on 6 August after its banks ended their financial support , resulting in ports from China to Japan , the US and Canada refusing to allow access to Hanjin 's ships . LG Electronics reportedly had to cancel its orders with China and is looking for alternatives to ship its cargo . Home appliances , unlike mobile phones and semiconductors , are shipped by sea , leaving one official to note that " this will have an impact on the entire industry . " The South Korean ministry has called on local rival Hyundai Merchant ##s to help out , however , as we have previously noted , it too is under voluntary debt restructuring .