Hanjin Bankruptcy - Will it push up the price of used shipping containers?
Posted by Ingenious Storage on
South Korean Shipping giant Hanjin has gone into liquidation and has applied for debt restructuring to get out of the hole as of August 2016.
Basically if Hanjin gets what it wants and carries on it should not effect used container prices but if Hanjin remains in limbo and it's ships are stuck in ports around the world and the used Hanjin containers do not come on the market this could push up prices for used containers. Hanjin handles 3.7 million TEU containers a year and is one of the top 10 container shipping companies worldwide so whatever happens to Hanjin will effect prices.
Today Sept 14, media is reporting they have started selling ships.