With Hanjin Shipping on the verge of bankruptcy, state run Korea Development Bank stated the shipper’s debt stood at $5.5 billion at the end of June (Source: WSJ).

However Hanjin own 63 vessels, worth today $1.7 billion dollars (live and newbuilding contracts). See below for how this is cut for each segment:

 

Hanjin Shipping 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		$                  1,762.0

 

 

HMM Fleet

 

HMM who is rumoured to be interested in the takeover, only owns 36 vessels.

 

HMM
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		$                      965.5

 

This would bump up the combined fleet value of HMM & Hanjin to $2.7 billion. Even though this sounds a lot, the merged Hanjin & HMM company would only rank 27^th in the world in terms of fleet value (COSCOCS coming in 1^st with 786 ships worth $20.0 bn).

 

Container fleets

 

Hanjin ranks as South Korea’s largest container liner, owning 39 vessels with a total of 283,286TEU worth $1.4 billion. HMM comes in second with 8 container vessels, holding 135,898 TEU, worth $624 million.

 

Attached a spreadsheet which outlines the total number, size and value of the container alliances as they currently stand, including companies which have recently merged. This gives an idea of which alliances could be affected by the impending bankruptcy and the possible merger.