Hanjin Shipping collapse disrupt global trade

The collapse of South Korea's Hanjin Shipping world's seventh-largest container carrier, has disrupted global trade networks and driven up freight rates.

News ID: 69651

Date: 19 October 2016 - 16:40

The collapse of South Korea's Hanjin Shipping world's seventh-largest container carrier, has disrupted global trade networks a
According to MANA, $14 billion - the estimated value of cargo tied up globally as Hanjin ships idle outside ports that won't let them in.
400,000 - the estimated number of containers stranded on Hanjin ships.
8,300 - estimated number of cargo owners involved.
$1,700 - the average cost to move goods in 40-ft containers from the U.S. West Coast to Asia - up from $788 in May.
7.8 percent - of the trans-Pacific trade volume for the U.S. market carried by Hanjin.
141 - the number of ships Hanjin has (97 container ships, 44 bulk carriers). More than half are blocked from docking, and four have been seized as of Sept 11.
$5.5 billion - Hanjin's debts (6.1 trillion won) as of end-June.
$293 million - Hanjin's market value (322.5 billion won) - down by around a third in the past two weeks.
$226 million (249 billion won) - Hanjin's operating loss in April-June, on revenue of $1.3 billion (1.43 trillion won)