Recent Vessel Updates
As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry. Of the reminder, 37 had yet to unload and planned to return to Korea, and 24 had unloaded in Korea and elsewhere, the ministry said (Reuters.com)
Hanjin American – anchored near Pangkor, Malaysia
Hanjin Ami – waiting outside Yantian, China, not allowed to dock
Asian Trader – heading to Busan, South Korea, but reportedly out of fuel
Hanjin Baltimore – Arrested by World Fuel Service outside of the Panama Canal, has not been allowed to
pass through
Hanjin Blue Ocean – moving slowly to Singapore
Hanjin Boston – arrived Port Los Angeles 9/13, unloaded containers, departed 9/16, now at anchor
“But instead of going to Oakland as planned, the master asked to anchor,” said J. Kip Louttit, executive
director of the Marine Exchange of Southern California. He said Friday afternoon the ship had departed
for Oakland. (AmericanShipper.com)
Hanjin California – arrested in Sydney
Hanjin Chongqing –  headed to Busan, South Korea
Hanjin Europe – under embargo in Hamburg, Germany
Hanjin Greece – unloaded port Long Beach, now off the coast of California
Hanjin Gdynia – arrived Long Beach 9/14, expected departure 9/19 (2 days at anchor, 2 days at berth), and
sail to Tokyo (J. Kip Louttit, executive director of the Marine Exchange of Southern
California)(AmericanShipper.com)
Hanjin Harmony – waiting in the North Sea, off coast of France
Hanjin Jungil – off the coast of California
Hanjin Miami – No decision has been made about discharging cargo on the M/V Hanjin Miami.  As soon as
there is more information available, we will share that with you (Port of New York)
Hanjin Montevideo, arrested in Long Beach, “remains at anchor inside the Long Beach Breakwater and we
still have no information on future movements,” said J. Kip Louttit, executive director of the Marine
Exchange of Southern California(AmericanShipper.com)
Hanjin Netherlands – anchored near Pangkor, Malaysia
Hanjin Norfolk – Heading to Pusan, may encounter issues attempting to pass through Panama Canal.
Pacita – returned to vessel owner
Hanjin Rome – arrested in Singapore
Hanjin Rotterdam – arrested in Yantian
Sky Love – returned to vessel owner
Sky Pride – returned to vessel owner
Hanjin Sooho – arrested in Shanghai
Hanjin Switzerland – Anchored in the Red Sea, has not yet passed through the Suez Canal, and is being barred from doing so
Hanjin Vienna – arrested in Vancouver
Other Hanjin Updates
Port of Houston (PHA)
Effective immediately, the International Office of the ILA will no longer supply labor for Hanjin containers.  Until further notice, all Hanjin containers will remain on hold. Those containers that have already been released by PHA will be placed back on hold for now.  As this situation develops, we will confirm the status of these units and their payments.
Port of Norfolk
As a result of decisions made by the International Longshoreman’s Association (ILA), based on the Hanjin Shipping bankruptcy, actions are being taken along the East Coast, which will affect The Port of Virginia facilities. Please be advised of the following:
Effective immediately, no Hanjin import loads can be delivered/out-gated from any Port of Virginia
terminal.
Empty containers are not impacted by this decision.  We continue to accept Hanjin empties at the
PPCY.
This is a dynamic and evolving situation and further communication is anticipated.
You may contact our Customer Service Team at 757-440-7160, or POVCustomerService@vit.org.
Port of New York
Procedures Announcement Regarding Hanjin Cargo and Equipment
As a result of the recent news about Hanjin Shipping’s severe financial difficultly and operating status, the following procedures are currently in place in The Port of New York and New Jersey for Hanjin cargo and equipment.
Maher Terminals
All Hanjin import deliveries must be pre-paid in either cash or credit, if already established with
Maher Terminals. Please contact the Maher Terminals Hot Line at 908-527-8200 Ext 3875 for
information on the charges due.
Hanjin exports will no longer be received at Maher Terminals. Hanjin will not accept any new
bookings and any previous bookings will be cancelled. For export containers that are already
gated-in, bookings will be cancelled.  Containers should be picked up, stripped and returned to a
location designated by Hanjin.
Hanjin empty containers will also no longer be received at either Maher’s main terminal or at the
Empty Depot at Columbia.
9/16 – The International Longshoremen’s Association said Friday afternoon that it has reversed its stance, and will handle cargo from ships operated by the now insolvent South Korean ocean carrier Hanjin Shipping (AmericanShipper.com)
9/16 – Judge John Sherwood of the U.S. Bankruptcy Court in Newark, N.J. at a hearing refused to reverse an order forbidding creditors from arresting Hanjin’s ships despite the protests of fuel companies and providers of tug services (AmericanShipper.com)

Hanjin Aims to Sell More Than Half Its Ships
Sales are part of rehabilitation plan to be submitted to Korean court
Debt-ridden Hanjin Shipping Co. is working on a restructuring plan that calls for the drastic reduction of its owned fleet and returning the vast majority of the ships it charters to their owners, according to people with direct knowledge of the matter.
Despite the efforts, these people say the most likely scenario is still that the Korean operator— the world’s seventh-biggest in terms of capacity—will be liquidated, marking one of the shipping industry’s biggest failures.
Hanjin filed for bankruptcy protection last month. The South Korean government has strongly indicated it has no plans to bail out the company.
A Korean court will decide in December whether to accept the plan or let the company go under, according to court officials in Seoul.
One person with knowledge of Hanjin’s efforts to restructure said the operator is considering a number of scenarios but focusing on one that involves Hanjin keeping up to 15 of its 37 ships, and returning to owners almost all of the 61 chartered vessels. Under that scenario, which is subject to approval by the bankruptcy court, “Hanjin will emerge as a small regional operator in Asia that will move a small part of Korea’s exports,” the person said.
Hanjin didn’t return calls for comment.
Since Hanjin filed for bankruptcy in Korea in late August, dozens of its ships have been denied access to ports around the world due to uncertainty about who would pay docking fees and container-storage and unloading bills. Those ships are carrying half a million containers with cargo valued at more than $14 billion. Some of them have been seized by the company’s creditors.
The Korean carrier moves roughly 3% of containers globally and up to 10% of those shipped between Asia and Europe. Some 25,000 containers cross the Pacific daily on Hanjin ships.
About 95% of the world’s manufactured goods—from designer dresses to laptops—are moved in containers.The disruption in the supply chain comes as retailers in the U.S. and Europe are stocking their shelves for the year-end holiday season.
Hanjin confirmed this week that it had returned five of its chartered vessels to their owners. A Korean government statement on Thursday said 73 vessels were still at sea, of which 37 were being told to return to Korea. The rest were near ports but stayed out on fears they would be seized by creditors.
Hanjin’s main charterers, including  Danaos Corp., Navios Maritime Partners LP and  Seaspan Corp. with a combined exposure of more than $1 billion to Hanjin, were hoping for a last-minute intervention by the Korean government that would allow Hanjin to honor its vessel-leasing commitments. That looks less and less likely.
“Hanjin now has two alternatives: either to drastically downsize or to liquidate,” said Iraklis Prokopakis, Danaos’s chief operating officer. “We have eight ships chartered to Hanjin and five will be returned. The other three still have cargo on them so I don’t know what will happen.”
Danaos has a $560 million exposure to Hanjin.
Mr. Prokopakis said the key issue at the December court hearing will be whether Hanjin has enough cash to continue operating, even at a much smaller scale.
But with Hanjin’s main creditor, state-run Korean Development Bank, showing no intention to pump more cash into the ailing carrier, few executives in the shipping industry believe it will manage to stay in business.
“Any cash Hanjin still has will go to get its ships safely to ports and unload the cargo,” said Lars Jensen, chief executive of Copenhagen-based SeaIntelligence Consulting. “I expect them to start selling their own ships when the legal issues with creditors are settled.”
Selling the ships won’t be easy. The majority of Hanjin’s fleet are Panamaxes, which carry fewer than 10,000 containers. Such vessels are fast becoming outdated in the wake of the widening of the Panama Canal earlier this year. That expansion allows ships moving 12,000 containers or more to pass through the isthmus.
“So their only true valuable assets are four 13,000-container ships,” Mr. Jensen said. Hanjin may try to hang on to them hoping to become part of an alliance when the mess clears up, he said, “but more likely they may sell them as customers won’t want any of their cargo on Hanjin ships. The trust is gone.”
The Korean government said this week it is asking courts to protect Hanjin ships from being seized in Spain, Germany, the Netherlands, and Italy. It plans to do the same next week in countries including Australia, India and the United Arab Emirates. Such a legal protection is already in place in Korea, the U.S.,  Japan, the U.K. and Singapore, it says.
—Kwanwoo Jun in Seoul contributed to this article.

A lawyer for Hanjin Shipping Co Ltd (117930.KS), the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held “hostage” by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea.
“There is no clear visibility yet on what will happen with this business,” Hanjin lawyer Ilana Volkov said at a hearing, when asked by U.S. Bankruptcy Judge John Sherwood whether Hanjin was liquidating.
Hanjin, the world’s seventh-largest container line, filed for bankruptcy last month, leaving more than 100 ships and their cargo at sea and threatening to snarl U.S. freight traffic as the year-end shopping season approaches.
Some ships chartered to Hanjin have been sold and more are up for sale.
Last week, Hanjin said a Korean judge authorized $10 million to pay tug operators, ports and cargo handlers to unload four of its U.S.-bound vessels.
Since then, the Hanjin Boston, Hanjin Greece and Hanjin Gdynia have begun to unload. But the fourth ship, the Hanjin Jungil, remains at sea off the coast of California, according to the Marine Exchange of Southern California.
“We’re negotiating with every service provider and they are saying ‘I’m not going to let this ship berth,'” said Volkov at the Newark, New Jersey hearing. “My client is being held hostage.“
She told the court that the Korean court had postponed hearing Hanjin’s request to authorize another $50 million that would allow at least four more Hanjin ships to unload U.S. cargo.
As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry. Of the reminder, 37 had yet to unload and planned to return to Korea, and 24 had unloaded in Korea and elsewhere, the ministry said.
In addition to the nine “base ports” already identified for Hanjin ships to unload, the ministry said efforts were being made for Bangkok, Jebel Ali, Kobe, Melbourne and Valencia to be available for unloading Hanjin ships.
The company was seeking stay order this week that would allow its ships to unload safely in Germany, the Netherlands, Spain and Italy, the ministry said, with more to follow.
The ministry said efforts were underway to enable unloading in New York and Singapore by this weekend.
Hanjin still has at least 10 U.S.-bound ships, although Volkov said some ships may not have picked up U.S.-bound cargo.
Cargo owners such as consumer products maker Dorel Industries Inc (DIIb.TO) and the U.S. unit of musical instrument maker Yamaha Corp (7951.T) complained they were the hostages.
They said they were forced to make additional payments to get their cargo or were forced to retrieve it from the wrong location.
“This could destroy American businesses,” said Alan Brody, a lawyer for Yamaha Corp of America.
Darren Azman, an attorney for Bermuda-based container owner Textainer Group Holdings Ltd (TGH.N), said Hanjin rejected leases on its 20,000 containers but failed to return the boxes to Asia as required.
However, the judge balked at Azman’s suggestion that Textainer could force cargo owners to pay to return Hanjin’s containers to Asia to get their goods.
“I will do whatever I can to stop you,” said Sherwood.
(Reporting by Tom Hals in Wilmington, Delaware; Addtiional reporting by TOny Munroe in Seoul, editing by Peter Henderson, Bernard Orr and Lincoln Feast)

Customer Advisory Hanjin Shipping
Dear Valued Customer,
As most customers are already aware, due to the court receivership filing in Seoul Korea, Hanjin Shipping can no longer provide intermodal service or store door delivery service in North America and all cargo must now be terminated at the marine terminal of discharge.
For cargo that was already processed as intermodal transit, the delivery will be terminated at the final rail ramp. Please urgently contact your sales representative to arrange cargo diversion for all cargo still remaining on board or in the process of discharge.
We sincerely apologize for this inconvenience however this is the fastest way for our customers to access their cargo at this time.
[Vessel Status] (HJS operated vessels)

Port of Kaohsiung Damage Related to Typhoon Meranti

Typhoon Highlights
Super Typhoon Meranti remains a Category 5 in the western Pacific Ocean.
Significant impacts from this dangerous typhoon are likely in Taiwan, the northern Philippines and southeast China.
Sustained winds were 185 mph, with gusts up to 225 mph, as of Tuesday morning, U.S. time.
BOC will continue to monitor, and update, as more information becomes available.

Hanjin Vessel Status
Exactly Where Is the Hanjin Fleet?
September 12, 2016 by The Loadstar, by Gavin van Marle
(excerpted from Gcaptain.com)
Unloading operations have begun on some Hanjin vessels after the line finally began to update shippers and forwarders on where its vessels actually are. A fleet update issued by the carrier this morning shows the vast majority of its vessels still “waiting in open sea” for instructions from headquarters.
So far six vessels are confirmed to have been arrested – the Hanjin Baltimore at Panama, with the Panama Canal “impassable” to the line; Hanjin Vienna in Vancouver; Hanjin California in Sydney; Hanjin Rome, as widely reported, in Singapore; and Hanjin Rotterdam in Yantian; and Hanjin Sooho in Shanghai; while the Hanjin Montevideo has been arrested by its bunker supplier in Long Beach, California.
Another seven vessels are at port under embargo and three more – Sky Pride, Sky Love and Pacita – have been returned to their owners. Ten vessels are waiting off the coast of China and two off Japan; a further 12 are waiting off South Korea, two of which – Hanjin Chongqing and Asian Trader – have now run out of fuel and are waiting for bunker supplies. Another nine vessels are underway to Pusan, where they won’t run the risk of arrest.
The Hanjin Europe is under embargo in Hamburg, with Hanjin Harmony waiting in the North Sea, while five vessels wait in the Mediterranean. Two of the latter were refused entry to the Suez Canal and now face circumventing the Cape of Good Hope on their journey to Asia. There are nine vessels waiting in the waters of South-east Asia, the Indian Ocean and around Australia, and a further three in the Arabian Gulf.
In the US, Hanjin Greece began unloading at a Long Beach terminal, while five vessels wait off the coast, with reports that one, the Hanjin Gdynia, will dock this week. The berthing of the Hanjin Greece followed a US court order on Friday extending Hanjin’s provisional protection from creditors, and some $10m has reportedly been raised by Hanjin to pay terminal handling charges for the two vessels, as well as Hanjin Jungil and Hanjin Boston, also waiting to berth at Long Beach and Los Angeles respectively.
Hanjin Shipping secures $45 million, more may take ‘considerable time’
September 13, 2016 by Reuters
(excerpted from Reuters.com)
The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper’s vessels, a spokesman said, but regulators warned securing further funds could take “considerable time.”
The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in the wake of the collapse of the world’s seventh-biggest container shipper, including the 40 billion won from Chairman Cho Yang-ho.
About $9 million pledged by Choi Eun-young, a former chairwoman of Hanjin Shipping, has also come in, the shipper said.
Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms worried about not being paid refused to work for Hanjin, which filed for receivership in a Seoul court early this month.
Shipping submitted early last week to a South Korean court that it could take an estimated 173 billion won ($154.5 million) to unload all stranded cargo, a Seoul Central District Court judge told Reuters.
Risks in Australia – In Sydney, the Hanjin California, which docked on Sept. 3, remained held in port following a Federal Court order filed by Glencore Singapore Pte over unpaid fuel bills. Most of the containers on the 182-meter-long vessel have been offloaded, but some destined for other ports were still being held, port authorities said.
Six other Hanjin vessels were heading to Australia and risked being seized by creditors, two sources familiar with the situation said.
Unlike in the United States, Britain, Japan and provisionally Singapore, Hanjin has no protection in Australia against creditors for unpaid bills.
“It’s likely someone will put a claim on the assets,” said one of the sources, who declined to be identified due to the sensitivity of the matter.

Hanjin Vessel Status
Hanjin Switzerland – Anchored in the Red Sea, has not yet passed through the Suez Canal, and is being barred from doing so.
Hanjin Baltimore – Arrested by World Fuel Services outside of the Panama Canal, has not been allowed to pass.
Hanjin Ami – Anchored outside of Yantian, has not been allowed into dock.
Hanjin Norfolk – Heading to Pusan, may encounter issues when attempting to pass through Panama Canal.

Hanjin Shipping Unloads Cargo at U.S. Port
At least three more cargo ships were expected to unload freight at Port of Long Beach
SEOUL—A Hanjin Shipping Co. vessel was set to finish unloading freight in California on Monday, clearing the way for more of its ships to dock, as the ailing South Korean company works with ports in the U.S. and around the world to get a frozen supply chain moving again.
The Hanjin Greece docked at Long Beach, Calif., on Saturday and began unloading cargo Sunday after days of being stranded off the coast. A Hanjin Shipping spokeswoman in Seoul said at least three more cargo ships—the Hanjin Gdynia, the Hanjin Jungil and the Hanjin Montevideo—were expected to follow suit at the U.S. port.
The financial woes of one of the world’s largest shipping lines have left as much as $14 billion of cargo stranded at sea, and pressure is mounting on South Korea and the U.S. to break the logjam. Several Hanjin ships have been seized by creditors or turned away from ports, with terminals refusing to unload cargo for fear they won’t get paid.
Court papers show a total of 13 ships either owned or leased by Hanjin are set to make their next port of call in the U.S..
The cargo operator got some respite over the weekend after Korean Air Lines Co., its largest shareholder and Hanjin Group’s flagship company, agreed to lend it 60 billion won ($54 million), using Hanjin Shipping’s Long Beach port-terminal assets as collateral.
The airline’s agreement Saturday is part of Hanjin Group’s earlier pledge to put up 100 billion won in aid to help resolve the cargo crisis. Hanjin Group Chairman Cho Yang-ho has promised to make the remaining 40 billion won available by Tuesday, according to Korean
Air.
One of Hanjin’s lawyers on Friday said in a U.S. federal court that the company has both the funding and the legal permission necessary to unload four ships bound for U.S. ports.
Hanjin also has asked a South Korean court for authorization to use a further $3.5 million to have goods that have already been unloaded and are sitting at U.S. ports delivered to their owners, a process that its lawyer said could be jump-started as soon as Wednesday.
South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan met with local exporters and smaller shippers Sunday and promised to use government funds to help deliver cargo to its final destination on time. Mr. Joo also said the government was working with Hanjin’s smaller South Korean rival, Hyundai Merchant Marine Co., and other companies to deploy extra vessels to deal with stranded cargo.
Hanjin filed for the equivalent of chapter 11 in South Korea last month and days later sought chapter 15 bankruptcy protection in the U.S.
Chapter 15 gives a foreign company the benefits of U.S. bankruptcy law, including protections that prevent creditors from seizing assets. But the U.S. court’s power is limited and much of the aftermath of the bankruptcy will have to be worked out in South Korea.
The Seoul central district court has given Hanjin until Nov. 25 to submit a rehabilitation plan that will determine whether it can continue operating. However, this is seen by analysts as granting the company more time for an orderly liquidation, given that the government has signaled that it sees no future for Hanjin by calling on smaller rival Hyundai Merchant to buy its healthy assets.
The company and Hyundai Merchant handle the bulk of Korea’s exports and have been unprofitable for several years, amassing debts in a global shipping market awash in excess capacity and plummeting prices.
Hanjin ship unloads in U.S. as fresh funds pledged
A Hanjin Shipping Co Ltd (117930.KS) vessel is finishing unloading in California and scheduled to leave port on Monday, shipping industry officials said, as shareholders and executives associated with the South Korean firm pledged funds to help resolve the turmoil created by its collapse.
The Hanjin Greece docked in Long Beach on Saturday after a U.S. bankruptcy court granted it protection and terminal operators agreed to take it.
Truck drivers probably will begin moving containers from the Greece on Monday while the vessel prepares to leave late in the day for the Port of Oakland, said Teamsters spokeswoman Barbara Maynard and shipping traffic controllers.
However, the Greece carries only a fraction of the $14 billion in goods on dozens of ships owned or leased by the world’s seventh-largest container carrier.
The collapse of Hanjin under debts of $5.5 billion has caused havoc in global trade networks and a surge in freight rates. Some vessels have also been seized.
On Monday, Choi Eun-young, a former chairwoman of Hanjin Shipping pledged to provide $9 million in private funds to help resolve the situation “in which economic damage is increasing from the turmoil in shipping due to its unexpected court restructuring”.
Choi, who controlled Hanjin Shipping between 2007 and 2014, will provide the funds “within days”.
Parent company Hanjin Group pledged last week to raise 100 billion won ($90 million) in funds to help rescue stranded cargo.
Korean Air Lines (003490.KS), the biggest shareholder of Hanjin Shipping, on Saturday approved a conditional plan to provide a loan of 60 billion won to the troubled shipper. Hanjin Group chairman Cho Yang-ho will raise the remaining 40 billion won and the goal is to raise it by Tuesday as the funds are needed as soon as possible to unload cargo, a Korean Air spokesman said on Monday.
MORE SHIPS COMING
Charter owner Seaspan Corp (SSW.N) has three ships under charter with Hanjin – the Hanjin Buddha, Hanjin Namu and Hanjin Tabul – which are all due to hit the U.S. West Coast within the next few days. Chief executive Gerry Wang said he was confident the South Korean government would provide sufficient funds to pay port operators and Seaspan by the time those ships arrived to ensure they were unloaded.
“We’re keeping our fingers crossed, but South Korea is an export economy and the government needs to ensure the flow of goods to consumers,” Wang said. “I don’t think they want that supply chain to be interrupted on a permanent basis.”
Creditors have sought an arrest warrant against the Seaspan Efficiency, a ship hauling cargo for Hanjin that was due to arrive in Savannah. Wang said the cargo concerned amount to just around $800,000 and that he was confident the parties involved could come to an agreement.
It is not clear when port operators will bring others to berths in Southern California and elsewhere. The U.S. court on Friday gave three other Hanjin ships protection from seizure.
The three other Hanjin ships protected by the U.S. court order are the Hanjin Boston, which remained off the Port of Long Beach awaiting orders on Sunday, and the Hanjin Gdynia, which was several hundred miles away from Long Beach, and the Hanjin Jungil, 310 nautical miles west of San Francisco with its destination listed as Long Beach, according to Marine Exchanges on the west coast that coordinate shipping traffic.
Another Hanjin ship off Long Beach, the Hanjin Montevideo, is under the supervision of a court-ordered custodian after two fuel companies obtained an arrest warrant for it over unpaid bills. Hanjin and the fuel providers are trying to work out an arrangement to release the vessel.
In Hong Kong, the Hanjin Belawan arrived from Shanghai on Monday loaded with containers and was anchored a short distance from the city’s Kwai Chung Container Terminal.
Terminal operator Hongkong International Terminals, a unit of Hutchison Port Holdings Trust controlled by tycoon Li Ka-shing, has outraged local cargo owners by charging fees of between HK$10,000–HK$15,000 ($1,285-$1,928) per Hanjin container to release them at the port.
The delays have concerned importers like Alex Rasheed, president of Pacific Textile and Sourcing Inc in Los Angeles, which has a shipment of clothing in 16 containers on Hanjin ships off Long Beach.
“We’re already starting to run out of some colors and some sizes,” Rasheed said, noting Hanjin’s collapse comes as U.S. retailers prepare for the all-important holiday shopping season.
In Singapore, cargo owner AP Oil International said it had been sending replacement cargos on urgent orders.
“On the procurement side, we do also face some issues to receiving raw materials shipped on Hanjin vessels, which of course we are adjusting our supply chain and production to meet and replace the cargo due to the uncertainty of the situation now,” Group Chief Executive Ho Chee Hon said.
(Additional reporting by Nick Carey and Keith Wallis; Editing by Peter Henderson and Lincoln Feast)