As Hanjin Shipping heads towards the end of its first month of administration, several buyers for assets are being considered. The Wall Street Journal points to Hyundai Merchant Marine as a buyer for the five largest vessels. This would leave 209,000 TEUs of capacity to sell or scrap, less than 1% of global capacity. The ‘big 5’ haven’t been used on U.S.-bound routes – notably though Hanjin Shipping appears to have used its own, rather than chartered, vessels on the Panama Canal-type routes. Hanjin also has 2.15 million dwt of bulk and tanker capacity – a solution for these is not yet cl...