South Korean liner Hanjin Shipping Co to file for bankruptcy

[Greenrookie]

Another link, the freight rate of lines which  hanjin is operating surged. I looking at it more at cyclical cycles. Even if GG figurative 7 bear and 3 bull is any guide, the shipping market bottom has been long enough, the bugs boys are also taken out. Textbook tell us, collapse of Giants will lead to rebalancing .... Shipbuilders, charters O@G all bombed. Blood is on the street

Agree that container shippers and leasors are all bleeding now, but I think there is still 2-4 more years of rebalancing to go.

Hanjin has 609,536 teu capacity, about 2.9% of the global containership fleet.  60 chartered ships, and 37 owned.  (link)  Global container line overcapacity is estimated at 30%.  So even scrapping all of Hanjin's ships won't make a difference.

There is still more capacity being added, due to old shipbuilding orders from 2014-15: 
As of February 1, 2016, newbuilding containerships ... representing approximately 19.6% of the total worldwide containership fleet capacity ...were under construction. The size of the orderbook will result in the increase in the size of the world containership fleet over the next few years. (Seaspan 2015 annual report, p11)

We need to see a lot more blood in the water, before a recovery.  Its a long drawn out process, made longer by zero interest rates.

Based on Fortune, "Hanjin accounts for 7.8% of trans-Pacific trade volume for the U.S. market". Trade volume, is a better gauge than tonnage on impact analysis, IMO.

http://fortune.com/2016/09/05/hanjin-shipping-ships/

IMO, we should consider both scrapped, and pending delivery tonnage, to determine the state of overcapacity. Do we have the scrapped statistic?

Even if we have the scrap statistic, it's still the supply side of the equation. I find it hard as compared to property (population growth, income growth) to determined demand side of equation. 

Trade as we know it; is getting weaker, and we know it's partly because of protectionism raising (it's no wonder since distribution of wealth from "growth" has seldom or reach the masses in disportional)

Also, they are so many segments, tankers, Bulks, containers, related to trade that I thought getting "shipbuilder" who can navigate the different segments might be a "better" bet