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.

07 Oct 2014
Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently “fall well below breakeven levels.”
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.
Container stack
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
Evergreen container at port
14 Nov 2013
Evergreen Line is partnering with Hanjin Shipping to create a new service linking South Korea, China, Vietnam, Singapore and Malaysia.
Hanjin Shipping
14 Nov 2013
Despite Hanjin Shipping’s statement last quarter that the company was achieving “remarkable” improvement in the first half of 2013, the container line reported...
Hanjin London container ship
10 Nov 2013
Hanjin Shipping President and CEO Young Min Kim, saying he was taking responsibility for the company's continuing losses and delays in obtaining financial support from major creditor banks, announced his resignation on Monday.
Hanjin container ship leaving the Port of Rotterdam in July 2013.
01 Nov 2013
Hanjin Shipping will receive a loan of 150 billion South Korean won (about US$141.4 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings.