The bankruptcy of Hanjin Shipping Line has been all over the news lately, but many people don't realize how it could, or will, affect them. If you're a general consumer, the bankruptcy could affect you through supply chain problems and delayed arrivals of general products in your local shops and stores, if you're in the business of shipping containers it could have a greater impact on your business, unless you're careful.
To the general consumer, the Hanjin bankruptcy may not have an immediate impact on your life. Hanjin was responsible for around 3% of international containerized freight, and while that may not seem like a huge number it is very significant to east-west trade into the US from China. The only way that the consumer may be impacted is by periodic “holes in shelves” when shopping.
If you're a shipping container retailer or it's very important to be aware of who owns the shipping containers that you are purchasing. While the company seeks additional funding or begins the liquidation process there is a chance that containers that are operated by Hanjin Shipping may be stolen and resold to other parties during the coming months. Most, if not all of Hanjin Shipping's containers are owned by leasing companies and operated under financial leases. If you do decide to purchase any containers prefixed HJCU or HJSU, as well as many others operated on different leasing terms, take extra care to verify the ownership of the container.
ContainerAuction.com does not currently market or sell any containers owned or operated by Hanjin Shipping Liness.