Monday, September 12, 2016

HANJIN COLLAPSE--BY THE NUMBERS

Factbox: Hanjin Shipping collapse - by numbers





The collapse of South Korea's Hanjin Shipping (117930.KS), the world's seventh-largest container carrier, has disrupted global trade networks and driven up freight rates.Following are some of the key numbers:

$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.
$38 million - the value of goods, mostly TVs and appliances, that Samsung Electronics (005930.KS) alone has said it has stuck aboard two Hanjin ships.
$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)
Source: Hanjin Shipping, Korea Shipowners' Association, Thomson Reuters Eikon data
(Compiled by Joyce Lee in SEOUL; Editing by Ian Geoghegan)