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.

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.
THE Alliance Mitsui O.S.K Lines, NYK Line, "K" Line, Hanjin Shipping , Hapag-Lloyd and Yang Ming Line
13 May 2016
The line up of the new alliance aimed at competing with the 2M and Ocean Alliance has been announced.
04 May 2016
Hanjin Shipping’s creditors Wednesday approved the shipping line’s proposal for voluntary restructuring of its debt.
02 May 2016
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.
02 May 2016
Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.
28 Apr 2016
The struggles of South Korea's largest container lines have created a new top shipowner in the country.
22 Apr 2016
Hanjin Shipping wants its main creditor, the Korea Development Bank, to take over management of the company to restructure its debts and streamline its operations.
29 Mar 2016
Container lines are unlikely to go under despite freight rates falling to historical lows and zero freight being offered on some routes out of Asia, with governments and creditors expected to step in and salvage failing carriers, believes Drewry.
17 Mar 2016
Hanjin Shipping will replace its joint pendulum service connecting the U.S. West Coast to Asia and the Mediterranean with an exclusive Hanjin-supplied service as the carrier restructures its network in the face of surplus capacity and weak demand.
09 Mar 2016
The CKYHE Alliance is reorganizing its service network for Asia-Europe and Asia-Mediterranean trades as the carriers try to counter the weak demand and excess capacity that is plaguing the route and dragging down freight rates.