According to the new financial reports, the current Chinese all has not accepted the port ship Hanjin anchored, do not accept the arrival of container port. Detained in the ship port of Rotterdam, port of Singapore, Shenzhen Yantian port and Tianjin port are hanjin.
Han Jin shipping was founded in 1945, is Korea's largest shipping company, owns 101 various types of container ships, with a total capacity of 625 thousand and 400 standard containers, transport capacity ranked seventh in the world. Since 2011 has been poor performance. As of the end of June this year, the company's total liabilities amounted to about 6 trillion won (about 35 billion 900 million yuan). Only the first half of this year, Hanjin net losses of more than 473 billion won (2 billion 800 million yuan).
On the afternoon of August 31st, the Korean Central District Court of Seoul to the South Korean Central District Court to submit applications for bankruptcy protection. News, the global shipping market for the vibration, the rapid spread of the impact.
Chinese ocean shipping, Taiwan Evergreen Marine, Japan Kawasaki Kisen shipping company immediately announced a suspension for class cooperation and Hanjin's.
To work in COSCO International freight forwarding company. August 31st morning 10 when he arrived in Shanghai Yangshan port work, received to COSCO Group's message: today, Hanjin container does not allow loading on COSCO Shipping, COSCO shipping containers are not allowed to install Hanjin shipping.
Currently Korea into the sea in Qingdao, Shanghai, Dalian, Yantai, Guangzhou, Shenzhen and Hongkong with branch offices and offices. At a distance of hundreds of kilometers of Yangshan Port of Qingdao, worked into shipping company in Qingdao, South Korea: MS also received notice of her department immediately began to leave, because the company's ships had been suspended ".
According to the new financial reports, the current Chinese all has not accepted the port ship Hanjin anchored, do not accept the arrival of container port. Detained in the ship port of Rotterdam, port of Singapore, Shenzhen Yantian port and Tianjin port are hanjin.
"Because of the worry that Han Jin can not pay the port service charges, and now Tianjin port has detained Han Jin container ship and cargo ship, we are now very anxious." Shanghai port, a staff member said that the outer anchorage of Shanghai port has been full of Korea into the ship, the port also filled with Hanjin container, now do not know how to deal with the next step". In addition, Xiamen port also began to refuse to enter the ship docked.
According to the Korea International Trade Association on Thursday (1 days) news, about 10 South Korean maritime vessels detained in China, or is expected to be the lessee, the port authorities or other stakeholders. According to reports, earlier this week, a ship called "Rome Hanjin" of the container ship parked in Singapore, was detained by creditors.
The bank refused to Hanjin refinancing, the intensification of the bankruptcy procedure Hanjin, many ships it had been denied entry or cannot be docked as port worried that it was unable to pay the costs, including South Korea's largest port of Busan port.
According to the new financial reporting exchange Shanghai Airlines researcher Zhou Shu said, Hanjin bankruptcy a huge impact on the global shipping industry short-term, involves including shipowners, ports, freight forwarding, Towing Co and other industrial chain of suppliers, will face the dilemma of unable to charge rent income. And if you end up into the bankruptcy liquidation phase, the supplier will face a long wait and litigation. The owner is concerned, at present already in transit containers or will encounter the risk of detention, can not be delivered on time.
In order to avoid the crisis, the South Korean court said it would resume normal operation as soon as possible, so that Han Jin in other countries to take legal action to avoid the seizure of ships and other assets. But so far, the ships are still being "frozen" in the port. In addition, the court's ruling is still unknown, the market is expected to be more than the final result is the Korean sea assets were liquidated.
According to a maritime consulting agency insiders said, is different from the dry bulk shipping, the reliability is related to marketing and service container, there is no large shipping companies can still in bankruptcy after death. Customer confidence has been damaged, Hanjin to "revive".
Hanjin transportation brings its competitors to carve up the gap, considering its business, such as South Korea's second largest shipping company announced that they will deploy modern merchant shipping, receiving two lines Hanjin at least 13 ships, while the South Korean government also plans to help the foreign shipping company.
South Korean exporters are the most directly affected the price hike, the state-run think-tank Korea Ocean Research Institute estimates, Busan freight routes to the United States will rise 27%, Busan route to Europe will rise 47% in the short term, resulting in the increase of the Korean exporters every year about 440 billion 700 million won the transportation.
For South Korea, net exports account for about 50% of the country's gross domestic product, so the cost of transport would be a huge blow.
However, the surge in transport costs is only in the early stages, as major exporters in South Korea are scrambling to find alternative shipping companies. The world's second largest TV manufacturers LG electronics said, canceling and Hanjin orders, and looking for a shipping company for its cargo, and as has been installed on the ship the goods into the Korean emergency plan, to prevent being detained in port.
According to consulting firm Alphaliner, said Han Jin maritime transportation accounted for 7% of the Northeast container transportation business, which involves hundreds of billions of dollars. In addition, the Korean service 35 countries of the 60 routes, connecting the world's more than 90 major ports and 6000 destinations.
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