Hanjin Shipping

Prior to filing for bankruptcy in 2016, Hanjin Shipping was the world’s seventh-largest container shipping company worldwide and number one in Korea, with a fleet of 98 container vessels. Founded in South Korea in 1949, Hanjin was present in 60 countries with approximately 6,000 employees. Hanjin joined THE Alliance when that vessel-sharing agreement entered force in 2017.

Hanjin Shipping filed for bankruptcy protection Aug. 31, 2016, after months of trying to raise liquidity and restructure its debt, triggering a mad scramble by shippers to locate and gain control of their containers. Hanjin vessels were arrested and ports refused to work Hanjin ships for fear they would not be compensated. Hanjin Shipping's collapse is by far the largest container shipping bankruptcy in history and the consequences had serious implications throughout international supply chains and the transportation sector.


Hanjin Shipping Bankruptcy Timeline | Infographic

A container line's ships won't be empty if it goes under, making it harder still for shippers to see the signs they need to avoid disruption like that caused by Hanjin Shipping's insolvency.
22 Oct 2016
The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.
21 Oct 2016
Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.
Legal battles over cost and equipment liabilities related to Hanjin Shipping's bankruptcy continue to play out in courts around the world.
20 Oct 2016
The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.
20 Oct 2016
A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.
19 Oct 2016
The attorney for a fuel company with a lien for services provided to a ship operated by Hanjin Shipping has accused attorneys for the carrier of failing to report when the charter for the vessel was terminated.
18 Oct 2016
Ashley Furniture asked the court to allow an “administrative freeze” on payments owed to Hanjin for services that were only partially provided as a result of the carrier’s failure to fulfill contractual obligations.
17 Oct 2016
A chassis provider has asked a federal judge to cancel all its per-diem leasing agreements with Hanjin Shipping.
14 Oct 2016
Hanjin Shipping’s failure put a noticeable dent in US import volumes.
14 Oct 2016
A Hanjin vessel released from arrest at Panama is one of three stopping at the Port of New York and New Jersey to deliver long-awaited cargo to the port in a four-day stretch.
13 Oct 2016
Hanjin Shipping has received permission from a South Korean court for the sale of the carrier’s assets in the Asia-US container trade.
The willingness of Total Terminals International's terminal in Long Beach, pictured, to accept Hanjin Shipping containers won't be enough to solve the problem of Hanjin boxes stranded throughout Southern California.
12 Oct 2016
A Long Beach container terminal's willingness to collect Hanjin Shipping containers only solves part of the problem.
12 Oct 2016
The fleet of idled container ships is soaring as bankrupt South Korean container line Hanjin Shipping returns chartered vessel.
Hanjin Shipping's T-46 terminal at the Port of Seattle, pictured, is one the locations on the US West Coast where shippers can drop off empty Hanjin-owned containers.
11 Oct 2016
Hanjin Shipping terminals in the United States will begin to accept empty Hanjin-owned containers.
11 Oct 2016
The ship’s arrival in New York is the latest sign that a slowly growing portion of the troubled liner’s fleet is finally reaching its destination.
10 Oct 2016
Upward of 20,000 empty Hanjin containers remain scattered throughout Southern California with no place to go.
A US court ruling could provide financial relief for shippers caught up in the Hanjin Shipping fiasco.
10 Oct 2016
Hanjin Shipping cannot require payment from exporters who find another carrier to move cargo that the South Korean carrier was unable to deliver, a US bankruptcy court judge has ruled.
07 Oct 2016
Shippers must be keenly aware of the financial health of their container lines, and the alliance partners of those lines, if they want avoid the type of widespread disruption experienced during the collapse of Hanjin Shipping.
07 Oct 2016
A federal judge on Friday ordered Hanjin Shipping to reveal when vessels it operates go off charter, opening them up to arrest should they enter US waters without paying off liens held against them.
07 Oct 2016
Hanjin Group chairman Cho Yang-ho spreads the blame for the demise of South Korea’s largest container line.
06 Oct 2016
Hanjin Shipping on Thursday gave US importers awaiting the discharge of their stranded goods a better idea of when some ships will call at a US port.
05 Oct 2016
Hanjin ship to pick up about 1,000 empty containers in Seattle next week.
04 Oct 2016
A federal judge has agreed to hear the arguments of several chassis, container, and fuel providers demanding Hanjin Shipping reply more quickly to their “urgent” requests for information on the location of their assets.
30 Sep 2016
Hanjin Shipping has set up a yard to accept and store its empty containers in central New Jersey.
30 Sep 2016
The Hanjin Shipping bankruptcy may be behind a recent surge in freight moving inland from West Coast ports.
29 Sep 2016
With chassis shortages in Los Angeles-Long Beach reaching a crisis level, a Southern California warehouseman is ready to accept and store empty and leased Hanjin Shipping containers.
28 Sep 2016
Two more Hanjin Shipping vessels are heading for the Port of New York and New Jersey.
28 Sep 2016
As Hyundai Merchant Marine is scaling down its deployment of extra loaders, Maersk Line is continuing to add vessels to handle Hanjin Shipping cargo.
The failure of Hanjin Shipping is just the latest example of the importance of supply chain durability and versatility.
28 Sep 2016
Largest US logistics provider to scrutinize vessel-sharing agreements, urges more "resilient" supply chain strategies.
The challenges of the Hanjin Shipping collapse are often unique to the position of actors in the supply chain.
28 Sep 2016
Trucking companies that regularly hauled containers for Hanjin Shipping may end up losing tens of thousands of dollars.
27 Sep 2016
Container owners have released a list aimed at making it easier for shippers and transportation providers to return containers leased to Hanjin Shipping.
26 Sep 2016
A US federal maritime commissioner on Monday said that alliances may have to prove they have emergency procedures in case a member carrier collapses after Hanjin Shipping did just that.
23 Sep 2016
A federal bankruptcy judge on Friday agreed that non-vessel-operating common carriers should be covered by part of a protective order granted two weeks ago that was intended to help smooth the release of tens of thousands of containers trapped on Hanjin Shipping vessels and terminals around the globe.
With the crisis unlikely to abate soon, complaints of inappropriate pricing practices related to Hanjin Shipping cargo will most likely continue to surface.
23 Sep 2016
Hanjin Shipping told a bankruptcy court in Newark, New Jersey, on Friday that railways, terminal operators, and container lessors are price gouging the South Korean line’s shippers by asking those cargo owners to pay more than usual to bring freight into US ports, in the wake of Hanjin’s recent bankruptcy filing.
The costs and liability for Hanjin Shipping containers have been some of the biggest concerns for members of the supply chain since the world's seventh-largest container line went bankrupt.
23 Sep 2016
Hanjin Shipping told a US District Bankruptcy Court on Friday how it would handle the late return of containers.
22 Sep 2016
The Port of Houston Authority said Hanjin Shipping containers at the port have been cleared for release.