US

South Korea: Hanjin to resume work in Long Beach this week

  • Workers from port-related organizations in Busan city shout slogans during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hanjin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping Co.'s financial troubles.The banners and headbands read "Save Hanjin and Busan port". (AP Photo/Ahn Young-joon)

    Workers from port-related organizations in Busan city shout slogans during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hanjin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping Co.'s financial troubles.The banners and headbands read "Save Hanjin and Busan port". (AP Photo/Ahn Young-joon)  (The Associated Press)

  • Workers from port-related organizations in Busan city scuffle with police officers during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hajin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping Co.'s financial troubles. (AP Photo/Ahn Young-joon)

    Workers from port-related organizations in Busan city scuffle with police officers during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hajin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping Co.'s financial troubles. (AP Photo/Ahn Young-joon)  (The Associated Press)

  • Workers from port-related organizations in Busan city scuffle with police officers during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hajin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping's financial troubles. (AP Photo/Ahn Young-joon)

    Workers from port-related organizations in Busan city scuffle with police officers during a rally to plead with the government and creditors of Hanjin Shipping Co. to map out measures to save the troubled shipper in front of the Hajin group Chairman Cho Yang-ho's office in Seoul, South Korea, Wednesday, Sept. 7, 2016. Hanjin Group said Tuesday it will inject $90 million, including $36 million from its chairman Cho's personal assets, to help resolve disruptions to container cargo transport caused by Hanjin Shipping's financial troubles. (AP Photo/Ahn Young-joon)  (The Associated Press)

South Korea's top economic policymaker says he expects Hanjin Shipping vessels marooned offshore of Long Beach, California, will be able to offload cargo this week.

Finance Minister Yoo Il-ho said Wednesday that the cargo crisis caused by Hanjin's slide toward bankruptcy will begin to ease this week.

South Korea's biggest ocean shipping line is seeking protection from its creditors in dozens of countries. A U.S. federal judge has temporarily granted Hanjin's request for protection from its creditors and scheduled a hearing for Friday. He expects a ruling in Hanjing's favor.

Hanjin, the world's seventh largest ocean shipper, filed for bankruptcy protection last week, sending retailers and other companies worldwide scrambling to get at cargo on Hanjin vessels that have been stranded outside ports.