Meat shippers are seeking help to recover stranded products
following the bankruptcy of a Korean shipping company that was ranked seventh
in the world.
South Korean container line Hanjin Shipping Co. filed for
bankruptcy protection on Aug. 31, leaving $14 billion in cargo stranded at sea
and disrupting the global supply chain. Dozens of ships have been denied access
to ports around the world, because it’s unclear who will pay the bills.
Several associations representing
different parts of the meat supply chain have joined a coalition of industry
organizations in signing a letter to U.S. Department
of Commerce Secretary Penny Pritzker, detailing their concerns and asking the
department to continue its efforts to facilitate a resolution.
The National Cattlemen’s Beef Association, the North
American Meat Institute, the Meat Import Council of America and USA Poultry
& Egg Export Council are among the 120 organizations that signed the
letter.
