Thu 27 Oct 2016 10:07

Five bunker firms in top 25 Hanjin creditor list


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.

Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.

Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.

Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.

Stanley George, VPS Group Technical and Science Manager, VPS. How to engineer and manage green shipping fuels | Stanley George, VPS  

Effective management strategies and insights for evolving fuel use.

Sweden flag with water in background. Swedish government bans scrubber wastewater discharges  

Discharges from open-loop scrubbers to be prohibited in Swedish waters from July 2025.

The ME-LGIA test engine at MAN's Research Centre Copenhagen. MAN Energy Solutions achieves 100% load milestone for ammonia engine  

Latest tests validate fuel injection system throughout the entire load curve.

Terminal Aquaviário de Rio Grande (TERIG), operated by Transpetro. Petrobras secures ISCC EU RED certification for B24 biofuel blend at Rio Grande  

Blend consisting of 24% FAME is said to have been rigorously tested to meet international standards.

Avenir LNG logo on sea background. Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.

Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.

The world's first methanol-fuelled container ship, Laura Maersk. Methanol as a marine fuel | Steve Bee, VPS  

How environmental legislation has driven the development of low-sulphur fuels and methanol-ready ships.


↑  Back to Top