the expected revenue from inventory that became stuck at sea. The containers of other container ship companies also became stranded on Hanjin vessels. Hanjin collapsed at an especially inconvenient time for retailers furnishing their inventories with imported items in preparation for a seasonal uptick in Thanksgiving, Christmas, Black Friday, and New Year's sales. Although large companies such as Nike were affected, the repercussions were more prominent on smaller companies. In February 2017, SM Line, a new shipping firm formed by Samra Midas (SM) Group, purchased five vessels previously owned by Hanjin. In March, SM Line acquired two of Hanjin Shipping's terminals in Korea, in the cities of Gwangyang and Incheon. In August 2017, a South Korean bankruptcy trustee which was appointed to manage the liquidation of Hanjin Shipping reported that it had only collected 220 million USD from the sale of Hanjin's assets. This sum amounts to only 2% of the US$10.5 billion total debt Hanjin owes to its creditors. Services Container – Transported approximately 3.7 million TEU containers a year. This service consisted of 24 container ships which allowed for this service to produce such an output per year. Recently, in 2010 the South Korean shipping company was the first to introduce a 10,000 TEU class carrier ship, which travelled between Asia and Europe. Bulk - This division of the shipping company delivered a variety of resources and raw materials through its ‘contract of affreightment’ with other companies. The division's ships were LNG and VLCC ships which carried crude oil and chemicals. Terminal – The shipping terminals for this company were distributed internationally. There were fourteen dock yards that this company owned: four in Korea, two in the United States of America, two in Japan, and the rest in Spain, Taiwan, Vietnam and Belgium. Fleet See also Top container shipping companies HMM (company) EUKOR Hyundai Glovis References External links Companies based in Seoul Transport companies established in 1977 Container shipping companies Hanjin Group Shipping companies of South Korea Transport companies disestablished in 2017 South Korean companies established in 1977 2017 disestablishments in South Korea Companies that have filed for bankruptcy in South Korea