PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com   URL www.phmaonline.com

 

Ref. No. PHMA/Cir-066/2016

Dated: 3rd September, 2016

 

TO ALL MEMBERS OF THE ASSOCIATION

 

 

ALL OUR VALUED MEMBERS THAT M/S. HANJIN SHIPPING HAS FILED FOR BANKCRUPTCY PROTECTION ON WEDNESDAY 31ST AUGUST, 2016 AND HAS STOPPED ACCEPTING NEW CARGO.

 

PLEASE FIND RELATED LINKS OF NEWS BELOW:

 

https://www.theguardian.com/business/2016/sep/02/hanjin-shipping-bankruptcy-causes-turmoil-in-global-sea-freight

 

http://www.usnews.com/news/business/articles/2016-09-01/hanjin-bankruptcy-causes-global-shipping-chaos-retail-fears

 

http://www.wsj.com/articles/hyundai-ships-take-cargo-delayed-by-rival-hanjins-bankruptcy-protection-filing-1472747412

 

FURTHER ALL SUCH MEMBERS WHO HAVE ALREADY BOOKED THEIR SHIPMENTS VIA M/S. HANJIN SHIPPING AND THE GOODS ARE AT SEA TOWARDS DESTINATION ARE REQUESTED TO INFORM US THE VALUE OF THEIR SHIPMENT AND STATUS OF INSURANCE OF SAME SO AS TO ENABLE THE ASSOCIAITON TO APPROACH RELEVANT GOVERNMENT AUTHORITIES FOR REDRESSAL.

 

THANKS AND BEST REGARDS,

 

 

DR. KHURRAM TARIQ

MUHAMMAD JAWED BILWANI

ABDUL RASHEED FODDERWALA

QAMAR AFTAB

CENTRAL CHAIRMAN

CHIEF COORDINATOR

CHAIRMAN (SZ)

CHAIRMAN (NZ)