TOP Walmart
spokeswoman Marilee McInnis has denied reports in the Korea Times that her
company has scrapped contracts with South Korean shipping lines in response to
the bankruptcy of Hanjin Shipping, reports American Shipper.
Admitting
that the retailer no longer does business with Hanjin Shipping, Ms McInnis said
the company is currently holding talks with another Korean carrier to address
its shipping needs.
The
Korea Times said Walmart "has severed all contracts with Korean shipping
companies after sustaining severe damages by the South Korean government's
abrupt decision to let debt-ridden Hanjin Shipping go under in the name of
corporate restructuring."
Said
Ms McInnis: "The rumours are simply untrue. While we are no longer doing
business with Hanjin because of their recent bankruptcy, we are currently
speaking to another Korean carrier regarding our shipping needs.
"I
can't tell you who specifically we are speaking with, but we go through an
annual bid process for services where multiple companies participate,"
Said Ms McInnis.
In
regards to how Walmart was affected by Hanjin's bankruptcy, Ms McInnis said:
"We have detailed logistics plans in place, so when the Hanjin bankruptcy
occurred, we took the necessary steps to move our freight to other carriers in
our multinational carrier base."
Source
: HKSG.
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