Hanjin Shipping

Hanjin Shipping

Hanjin Shipping is the world’s ninth-largest container shipping company worldwide and number one in Korea, with a fleet of 200 vessels. Founded in South Korea in 1949, Hanjin is present in 60 countries with approximately 6,000 employees.

Hanjin Shipping — an operating company of Hanjin Shipping Holdings — posted revenue of KRW 9.88 trillion in 2013, down 2.9 percent from the previous year. The company posted a net loss of KRW 307.6 billion, up 53.3 percent from the previous year’s net loss of KRW 143.6 billion.

Hanjin Shipping was the fifth-ranked container carrier in U.S. containerized import trade in 2013, with volume of 1,150,210 TEUs, up 5.2 percent year-over-year, giving it market share of 6.4 percent. It was No. 7 in U.S. containerized export trade in 2013, with volume of 611,128 TEUs, up 10.1 percent year-over-year and market share of 4.8 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

24 Feb 2015
Most West Coast ports were bustling with activity this week as marine terminals order full vessel, yard and gate work crews, and International Longshore and Warehouse Union dispatch halls are filling all of the orders.
Terminal 6, Port of Portland, Oregon
11 Feb 2015
Hanjin Shipping so dominated the container business at the U.S. West Coast Port of Portland that the carrier’s decision to sever direct calls early next month will have a deep impact on a community it has worked with for more than 20 years.
09 Feb 2015
Longshoremen in Portland refused to work on Monday, making it four days in a row that a Hanjin Shipping Co. vessel has been sitting idle at the Pacific Northwest port’s only container terminal.
27 Jan 2015
Leading container shipping groups are under fire from a safe shipbreaking campaign group for continuing to send vessels to "sub-standard" beach demolition yards on the Indian sub-continent.
26 Jan 2015
The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
04 Dec 2014
The CKYHE Alliance this week received U.S. regulatory approval to further integrate its newest member, Evergreen Line, into its vessel-sharing agreement covering the trans-Pacific and trans-Atlantic trade lanes.
01 Dec 2014
Hanjin Shipping has opened third-party representative offices at nine hinterland locations in India to cater to the fast rising export demand from the subcontinent region.
25 Nov 2014
One potential consequence of the congestion at West Coast ports - a shortage of containers in Asia due to difficulties repositioning them back from the U.S. - is being watched closely but does not seem yet to be creating widespread problems.
21 Nov 2014
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
Evergreen container ship at the port of Los Angeles.
14 Nov 2014
Multiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast ports, signaling the extent to which carriers are being battered financially by the worst U.S. port congestion in years.
Hanjin Shipping vessel
13 Nov 2014
Hanjin Shipping levied a hefty port congestion surcharge on shipments to the West Coast of North America to help combat rising costs due to congestion, one of a handful of new surcharge announcements tied to the gridlock that has affected Southern California since September and which has now spread up the West Coast.