Havoc ensues after shipping company files for bankruptcy

South Korea company receives clearance to continue operating at U.S. ports.

South Korea-based Hanjin Shipping, a major transporter of goods from the U.S. West Coast to Asia and the world's seventh-largest container carrier, has filed for bankruptcy, stranding cargo at ports and on the seas and prompting U.S. exporters and importers to look for other shipping companies, according to the National Pork Producers Council (NPPC).

More than half of Hanjin's 141 ships were blocked from docking at ports, and four vessels were seized last week, according to Hanjin

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