CHAIRMAN OF GROUPPARAMUS, N.J. - Sooho Cho, president of Hanjin Shipping, was re-elected chairman of the Korea Shipowners' Association for a second consecutive term, the South Korean carrier said.
Mr. Cho hopes to expand the cooperation of South Korea's ocean carriers and to increase the influence of those lines in the international maritime industry during his three-year-term, Hanjin said in a statement.
A former chairman of the Trans-Pacific Stabilization Agreement, Mr. Cho also served as vice chairman of the KSA from 1994 to 1996, and has been the top executive at Hanjin for the past 13 years. He is also an executive committee member of the Baltic International Maritime Council.
Hanjin emerged as a rapidly growing container line in the primary east-west trade lanes during Mr. Cho's tenure, and is tripling the size of its dedicated container terminal at the Port of Long Beach to handle strong growth in its primary trans-Pacific market.
CHINA GIVES BOOST
TO RIVER TRAFFIC
KUNMING, China - A ship of 300 deadweight tons recently made its maiden voyage on the Lancang (Mekong) River, the first of its size to navigate the heavily silted waterway, officials said. It took 12 hours for the vessel to traverse the 157 miles from Yunnan province to Thailand via Laos and Myanmar.
During dry season, the water level in some stretches is below 2 meters (6.5 feet), obstructing even standard 100-ton ships. This hinders the growing cargo needs of China, Laos, Myanmar and Thailand.
In response, China developed 100-, 200- and 300-dwt. ''super shallow draft'' vessels in hopes of boosting annual river traffic to 1 million tons by 2000.