Leased Hanjin Containers Going Back to Asia

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SeongJoon Cho/Bloomberg News

Containers that were leased to Hanjin Shipping Co. and stuck at the trucking company’s yard can now be returned to the Port of Long Beach, California, and loaded onto a vessel chartered to take them back to Asia.

Total Terminals International, partially owned by the South Korean company now in bankruptcy court, will accept and remove up to 4,300 empty containers. The development will help trucking companies that offer drayage or intermodal service to return the chassis the containers rested upon, which in some cases, accrued daily fees for a month or more.

RELATED: Bankrupt South Korean shipping giant Hanjin to lay off 400 workers

“The Port of Long Beach recognized the urgency to alleviate the shortage created by the estimated 6,000 Hanjin-leased containers sitting on chassis which are needed throughout Southern California to move goods in and out of the region,” said Lori Ann Guzmán, president of the Board of Harbor Commissioners. “The Port of Long Beach has been working with TTI and other supply chain partners to find creative solutions to solve the chassis shortage.”



Container lessors Triton, Textainer, Seacube and Florens are paying for the journey, and only their equipment will be accepted. The port expects as many as 3,000 containers will be sent back to Asia.