Tug boats push the Hanjin Greece container ship to dock for unloading at the Port of Long Beach, Calif., on Sept. 10, 2016.
Photograph by David McNew—AFP/Getty Images
By Reuters
September 12, 2016

The collapse of South Korea’s Hanjin Shipping, 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 (ssnlf) 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% – 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.

See also: Stranded Hanjin Cargo Ship Finally Begins Unloading in U.S.

* $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


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