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Drewry: Other carriers ‘strip the carcass’ of Hanjin

Of the 98 ships in Hanjin’s former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and four ships with 15,000 TEUs of capacity were scrapped.

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Some former Hanjin ships are being redeployed by other Korean carriers

   About two-thirds of Hanjin Shipping’s containership fleet remains idle, according to London-based shipping research and consulting firm Drewry.
   “It clearly takes more than a few months to strip the carcass of a dead shipping line and we expect many of the former Hanjin ships to occupy the idle fleet for some time to come,” Drewry said in the latest edition of its Container Insight Weekly newsletter.
   Of the 98 ships in Hanjin’s former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and four ships with 15,000 TEUs of capacity were scrapped.
   Danish ocean carrier Maersk Line has chartered 11 former Hanjin ships with a combined capacity of 77,000 TEUs, while some former Hanjin ships are being redeployed by other Korean carriers. Intra-Asia specialist Korea Marine Transport Co. (KMTC) purchased four 4,275-TEU ships from Hanjin and has already put one into service. Meanwhile, Samra Midas Group, which plans to enter the transpacific trade with a new company called SM Line, has acquired five 6,655-TEU ships.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.