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.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
12 Jul 2016
Hanjin Shipping continued its efforts to stay afloat financially by selling its shares in a Cai Mep, Vietnam, container terminal.
08 Jul 2016
A testament to the port’s efforts to expand its capabilities is the welcoming of the largest container ship to call the Port of Wilmington this past Tuesday.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
28 Jun 2016
Battling a liquidity crisis, the company must cut costs to remain operational.
17 Jun 2016
Hanjin Shipping's efforts to secure lower charter rates have taken a hit.
15 Jun 2016
Hanjin Shipping met with Seaspan to talk about charter rates.
14 Jun 2016
A South Korean government minister has left open the possibility of a merger between Hanjin Shipping and Hyundai Merchant Marine.
06 Jun 2016
Hanjin Shipping, South Korea’s largest container line, is taking its seat at the negotiation table with tonnage providers.
31 May 2016
China Cosco Shipping and Hanjin Shipping have added a call at the Port of Mobile, Alabama.
23 May 2016
Though a recently formed container line alliance appeared to be hastily thrown together, it is planning an extensive and trouble-free integration of its fleet.
20 May 2016
Hanjin Shipping's largest creditors gave it it a temporary reprieve as it enters one of the hardest parts of its restructuring.
16 May 2016
Hanjin Shipping and Hyundai Merchant Marine posted first-quarter losses as questions continue to mount about the long-term prospects of South Korea’s largest container lines.