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: 3^rd September, 2016

TO ALL MEMBERS OF THE ASSOCIATION

ALL OUR VALUED MEMBERS THAT M/S. HANJIN SHIPPING HAS FILED FOR BANKCRUPTCY PROTECTION ON WEDNESDAY 31^ST 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,