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.

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.
Hanjin vessel at the Port of Portland, Ore.
10 Mar 2014
Despite productivity declines at Terminal 6 that have lingered for months, Hanjin Shipping Co. informed the Port of Portland today that it will continue to operate its weekly trans-Pacific service.
06 Mar 2014
International Longshore and Warehouse Union members walked off their jobs yesterday for the second day in a row after a verbal altercation with employees of ICTSI Oregon, the operator of Portland’s only container terminal.
18 Feb 2014
Evergreen Line has confirmed that it is in negotiations with the CKYH Alliance to form a new alliance...
Hanjin vessel at the Port of Portland, Ore.
11 Feb 2014
The Port of Portland Commission on Feb. 12 will be asked to approve an agenda item that would result in a payment of up to $4 million to keep Hanjin Shipping Co., Hapag-Lloyd and other carriers calling at the port in 2014.
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
Hanjin Shipping
13 Jan 2014
Hanjin Shipping is pulling out of several money-losing trades to cut its ongoing losses.
Container ship
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
23 Dec 2013
Hanjin Shipping is planning to invite Evergreen Line to join the CKYH Alliance to improve that network’s competitive posture, South Korean news agency Yonhap reports.
17 Dec 2013
Longshoremen at the Port of Portland on Tuesday were performing work on a Hanjin Shipping Co. vessel that could influence whether the South Korean carrier continues to call in Portland in the coming year.
16 Dec 2013
Will there be a CKYH-E?
29 Nov 2013
Hanjin Shipping today appointed Tai Soo Suk as its new president and CEO.