Hanjin sliding out of the top 20 liner list fast

Hanjin sliding out of the top 20 liner list fast

Hanjin Shipping, the seventh largest containerline in the world when it filed for bankruptcy at the end of August, will likely slide out of the top 20 liner list compiled by Alphaliner as early as this week.

Ships are being sold and handed back to tonnage providers and Alphaliner now reports Hanjin’s operated fleet stands at just 104,180 slots, a far cry from the 609,500 teu fleet it could boast on August 31 this year.

Meanwhile, South Korea’s Ministry of Oceans and Fisheries said yesterday 94 out of the 97 Hanjin containerships had completed unloading.

“The remaining container ships will be able to complete cargo unloading in the near future through consultation with port authorities around the globe,” said the ministry.

Hanjin senior management is trying to reposition itself as an intra-Asia player although pundits in South Korea are increasingly thinking the line, whose history dates back to the 1930s, will be liquidated.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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