BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Five bunker firms in top 25 Hanjin creditor list

27 Oct 2016 10:07 GMT

World Fuel Services is the marine fuel seller claiming the largest amount - $22 million.



Five bunker companies have been included in a list of Hanjin Shipping's top 25 creditor claims by research specialist Alphaliner.

A list of the financial claims against Hanjin was released by the company's receiver in South Korea on 10th October, revealing a total of 2,998 creditors with an aggregate claim of around $800 million.

The bunker company claiming the largest amount is World Fuel Services at $22 million. Another four marine fuel sellers - Chemoil, Glencore, Total Marine Fuels and OceanConnect Marine - are each claiming amounts of between $5 million and $10 million.

According to an aggregated breakdown of claims by creditor type compiled by Alpaliner, bunker seller claims make up 8 percent (around $64 million) of the total.

Charter owners form the largest group among Hanjin's claim creditors. Total claims for unpaid charter hire and other related debt represent $229.5 million, or 29 percent, of the total claims listed.

Container terminal operators and stevedores form the second-largest group of creditors, with a total amounting to around $182 million, or 23 percent.

The third-largest creditor type comprises container and chassis leasing companies that collectively account for $67 million, or 8 percent, of the claims listed. Bunker sellers are fourth on the list.

There are five companies claiming more than World Fuel Services. Seaspan tops the list of individual creditors with total outstanding claims of $41.6 million. The company is followed by two other containership owners, Danaos and Peter Doehle, who are each claiming over $30 million. The two other firms making the top 5 are TTI Long Beach and MS Conti Fremantle KG.






Related Links:

World Fuel Services announces share repurchase program and cash dividend
Marine results examined in World Fuel Services earnings call
South Korean bunker firms target overseas business
Chemoil to begin bunker supply operation in Australia

Latest News:

Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'
Oil and fuel oil hedging market update
Oil slightly up, but markets in wait-and-see mode ahead of OPEC meeting
Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events