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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Five bunker firms in top 25 Hanjin creditor list

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





Updated on 27 Oct 2016 10:07 GMT

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.






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