S. Korean shipper's bankruptcy crisis could affect U.S. holiday sales

``With its assets frozen Hanjin, which handles about 8% of all U.S. cargo, is faced with its ships not being allowed to unload or take on cargo, as dock workers and tugboat pilots are concerned about not being paid. The crisis for the shipper is creating "a ripple effect" that could impact retailers shelves come the crucial holiday shopping season. "U.S. bound cargo is already being delayed at origin ports and Hanjin ships loaded with cargo idle unable to enter U.S. ports, containers are being detained on arrival clogging already congested ports and preventing merchandise from reaching store shelves," Retail Industry Leaders Association President Sandra Kennedy said in a letter last week to Commerce Secretary Penny Pritzker and Federal Maritime Commission Chairman.''