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.

05 Feb 2016
South Korea’s Hanjin Shipping has introduced a new container service at Krishnapatnam Port, a fast-growing alternative, minor, cargo gateway on India’s southeastern coast.
02 Feb 2016
Hanjin Shipping edged into the black in 2015 with its $6 million net profit representing a half-a-billion dollar turnaround from the huge 2014 loss as the carrier managed to offset declining revenue with lower costs and the rationalization of service lanes.
02 Jan 2016
High debt levels at Hanjin Shipping and Hyundai Merchant Marine will make it difficult for the South Korean container lines to take advantage of their government’s new S1.2 billion fund to assist the country’s struggling shipping and shipbuilding companies.
28 Dec 2015
China’s Ministry of Transport has fined eight international container lines a total of $169,000 for failing to meet the freight rate guidelines set by the ministry.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
04 Dec 2015
In the wake of several highly-publicized financial difficulties experienced by South Korea shipping companies, the country’s Minister of Oceans and Fisheries has called on them to undertake voluntary restructuring.
26 Nov 2015
South Korea's government plans to conduct research on ultra-large container ships, including the return on investment of the vessels, their impact on ports and the investment needed at terminals to handle them.
20 Nov 2015
The Galex service, an intra-Asia loop operated jointly by Emirates Shipping Line, Hanjin Shipping, Korea Marine Transport Co. and Regional Container Lines, is adding a second call at Cochin, India, on its eastbound rotation.
18 Nov 2015
Hyundai Merchant Marine posted a loss of 24 billion South Korean won ($20.5 million) in the third quarter, amid ongoing speculation of a merger with its bigger compatriot Hanjin Shipping.
11 Nov 2015
Top maritime officials in South Korea said a merger between Hanjin Shipping and Hyundai Merchant Marine was unlikely because the benefits of such a move are difficult to see and it could have significant negative implications for the wider economy.
09 Nov 2015
South Korea carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity.
03 Nov 2015
Hyundai Merchant Marine on Friday completed a 247.5 billion Korean won ($216.1 million) permanent convertible bond through a newly created entity called Hyundai Bulk Line, staving off a liquidity crisis and halting further talk of a merger with Hanjin Shipping.