Hanjin’s Ships Worth $1.7 Bln -VesselsValue
With Hanjin Shipping on the verge of bankruptcy, state run Korea Development Bank stated the shipper’s debt stood at more than $5 billion at the end of June.
However, Hanjin owns 63 vessels, worth today $1.7 billion, including live and newbuilding contracts, as shown by VesselsValue.
Hanjin Fleet
Vessel Type / Number of Vessels / Total Size / Total Value USDm
Bulker / 18 / 2,162,700 / $306.5
Container / 39 / 283,286 / $1,394.4
Small Dry / 1 / 10,400 / $6.9
Tanker / 5 / 82,800 / $54.2
Grand Total / 63 / X / $1,762.0
Hyundai Merchant Marine (HMM) who is rumored to be interested in taking over Hanjin Shipping, owns 36 vessels worth $965.5 million.
HMM Fleet
Vessel Type / Number of Vessels / Total Size / Total Value USDm
Bulker / 15 / 1,985,500 / $283.3
Container / 18 / 135,898 / $624.2
Tanker / 3 / 402,600 / $58.1
Grand Total / 36 / X / $965.5
This would bump up the combined fleet value of HMM and Hanjin to $2.7 billion. Although this sounds like a lot, the merged Hanjin and HMM would rank 27th in the world in terms of total fleet value. For comparison, COSCOCS, who ranks first, has 786 ships worth $20 billion.
Hanjin ranks as South Korea’s largest container liner, owning 39 vessels with a total of 283,286TEU worth $1.4 billion. HMM ranks second with eight container vessels, holding 135,898 TEU, worth $624 million.
