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A By-the-Numbers Look at Hanjin Shipping’s Collapse

September 11, 2016

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

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