The biggest shareholder in the foundering Hanjin Shipping, Korean Air, is delaying on a decision on possibly coming up with funding for the world's seventh-largest container carrier.  It leaves billions of dollars in cargo marooned on Hanjin ships at sea and waiting outside ports it can't pay to get into to unload.

"We haven't reached a conclusion at (Friday's) board meeting, so we have decided to discuss the matter again tomorrow," a spokesman for the airline said.

Hanjin's parent firm, Hanjin Group, has vowed to raise more than AU$117 Million to help rescue cargo stranded at sea following the shipping line's failure.  But many clients can't wait for that to happen.  Samsung went to a US judge for permission to allow it to pay cargo handlers to remove its goods from Hanjin Shipping's vessels stationed near US ports.  Two Hanjin ships were near the Port of Long Beach next to Los Angeles - one is scheduled to head into the port on Friday afternoon for re-fueling.  The judge will consider the request later on Friday.  A third ship is off the shore of Mexico.

The collapse of Hanjin is expected to contribute to higher shipping prices in America and problems getting grain and food products back on the return trip to South Korea and the rest of Asia.  Singapore-based crop shipper Agrocorp International said that the terminal operator at Port Metro Vancouver held 600 tonnes of Canadian lentils that were bound for India and Bangladesh, demanding a release fee of US$450 per container.

For business in South Korea, the Korea International Trade Association says the total export losses attributable to Hanjin Shipping topped US$100 million in relation to 220 cases and 219 companies.