John Padgett Quoted in TradeWinds About Financial Liability From Hanjin Bankruptcy

October 13, 2016

McGuireWoods partner John Padgett commented in a TradeWinds article about the financial liability surrounding stranded Hanjin Shipping cargoes.

Hanjin service providers, including railroads and terminal operators, are battling non-vessel carriers’ efforts to impose higher rates than what was specified in contracts with Hanjin Shipping, a South Korean company that filed for bankruptcy in September.

Padgett, a leader of the firm’s transportation industry team and the Norfolk office managing partner, discussed the difficulty companies have faced in retrieving goods from Hanjin ships. “[W]e may see more aggressive logistics clients suggesting that their containers should not be placed on different vessels,” he said.

The Sept. 29 TradeWinds article, titled “Row over liability for costs of stranded Hanjin cargoes,” is available online to subscribers.