Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Event-Driven

<p>In this note we attempt to add to Smartkarma's coverage of <a href="https://www.smartkarma.com/entities/18689" target="_blank" data-smartkarma-citation="entities:18689:1">Hanjin Shipping Co Ltd (117930 KS)</a>'s recent bankruptcy filings in South Korea and the US. Specifically, we will try to answer the following questions:</p><ul><li>Besides Hanjin, which Asian container carriers are under the most financial stress? Put another way, which carriers look most similar to Hanjin before it's recent bankruptcy filings?</li><li>How are the container carriers' vendors (ship leasing, container leasing, fuel suppliers, and terminal operators) affected by the Hanjin bankruptcy and by generally high levels of financial stress among container carriers?</li><li>Lastly, how are events in the container shipping sector likely to play out in the coming months (and years), and how are carriers and their vendors likely to be affected by coming changes?</li></ul><p>For earlier coverage of Hanjin's bankruptcy, please see <a href="https://www.smartkarma.com/insights/reports-were-prematurely-conceived-and-greatly-exaggerated" target="_blank" data-smartkarma-citation="insights:5689">“Reports Were Prematurely Conceived and Greatly Exaggerated”</a> from Drewry and <a href="https://www.smartkarma.com/insights/the-hanjin-mess-and-a-quick-survey-of-exposed-victims" target="_blank" data-smartkarma-citation="insights:5685">The Hanjin Mess and a Quick Survey of Exposed Victims</a> by Charles de Trenck. Readers interested in Hanjin's and the sector's challenges should also read <a href="https://www.smartkarma.com/insights/legality-issue-of-hyundai-merchant-marine-s-mou-with-2m" target="_blank" data-smartkarma-citation="insights:5752">Legality Issue of Hyundai Merchant Marine’s MOU with 2M</a> by Sanghyun Park. </p>

In this note we attempt to add to Smartkarma's coverage of Hanjin Shipping Co Ltd (117930 KS)'s recent bankruptcy filings in South Korea and the US. Specifically, we will try to answer the following questions:Besides Hanjin, which Asian container carriers are under the most financial stress? Put another way, which carriers look most similar to Hanjin before it's recent bankruptcy filings?How are the container carriers' vendors (ship leasing, container leasing, fuel suppliers, and terminal operators) affected by the Hanjin bankruptcy and by generally high levels of financial stress among container carriers?Lastly, how are events in the container shipping sector likely to play out in the coming months (and years), and how are carriers and their vendors likely to be affected by coming changes?For earlier coverage of Hanjin's bankruptcy, please see “Reports Were Prematurely Conceived and Greatly Exaggerated” from Drewry and The Hanjin Mess and a Quick Survey of Exposed Victims by Charles de Trenck. Readers interested in Hanjin's and the sector's challenges should also read Legality Issue of Hyundai Merchant Marine’s MOU with 2M by Sanghyun Park. 

Hanjin Shipping Aftermath: Which Carriers Are Most Stressed? And What's Next For The Sector?

United States

Textainer Group Holdings Limited leases intermodal containers. The Company's core segments are container ownership, container management, and container resales with principal operations being the leasing of dry freight containers.

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Textainer Group Holdings (TGH US)

Hanjin Shipping Aftermath: Which Carriers Are Most Stressed? And What's Next For The Sector?

In this note we attempt to add to Smartkarma's coverage of Hanjin Shipping Co Ltd (117930 KS)'s recent bankruptcy filings in South Korea and the...

Daniel Hellberg

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