Hanjin Rules the Sea

Hanjin Shipping's container and bulk shipping lines connect all continents

Hanjin Shipping Co. is a leading member of the Hanjin Group and the largest shipping company in the country. In 2007, the shipping firm racked up 7 trillion won in sales, operating income of 235.9 billion won and net profit of 145.7 billion won.
The company has paid out cash dividends for nine consecutive years as of last year.
In 2008, the company aims to record total sales of $8.18 billion in sales and an operating income of $510.5 million by transporting 3.66 million TEU (20-foot equivalent units) of containers and 37 million tons in bulk cargo.
In early 2003, Hanjin Shipping concluded alliances with a number of the world's leading shipping firms including COSCON of China, Yang Ming of Taiwan, K-Line of Japan and Senator Line of Germany to form the 'CKYHS Alliance,'the world's largest strategic alliance. The CKYHS Alliance has enabled the company to sharpen its competitive edge by broadening its service coverage, offering express services and sharing space with allied firms to lower costs.
Further plans of the CKYHS Alliance include the joint operation of regional feeder services and the joint development of terminals in Asia, the United States and Europe.
To achieve its goal of becoming "the premier total logistics service provider respected by the global community,"Hanjin Shipping will continue to enlarge and efficiently operate its fleet, acquire more dedicated terminals and reinforce its core businesses including container and bulk shipping. In addition, Hanjin is bringing its 3PL business on track and is building a ship repair yard as part of its business diversification plans.
Hanjin operates 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually as the largest maritime shipping company in the country. Its fleet consists of 200 containerships, bulk carriers and LNG carriers valued at 6 trillion won and earning 7 trillion won annually.
The shipping company has a number of subsidiaries including Senator Lines, and affiliates such as IT specialist CyberLogitec;
Pyeongtaek Container Terminal Co.; ship management company, Hanjin SM; and terminal operation company, HPC (Hanjin Pacific).
Hanjin Shipping has a comprehensive global business network with three regional headquarters, 200 overseas branch offices, and 30 local corporations, earning 90 percent of its total revenue overseas.
Hanjin's world-class logistics network includes 11 dedicated terminals in Long Beach, Tokyo, Kaohsiung, Busan and others and six inland logistics bases in such locations as Shanghai, Qingdao and Port Kelang. Four more dedicated terminals are slated to open in the near future: Rotterdam in 2008, Busan New Port (development phase 2-1) in 2009, and Vietnam and Jacksonville, Florida in 2011.
Furthermore, the company is building a ship repair yard in China, slated for completion in 2008, which will provide repair services not only for the company's own vessels, but also for other carriers, thereby generating income for the company.
Hanjin Shipping's excellent operation of its international shipping service won the Best Carrier Award from Fred Myers in 2004 and the Good Partner Award by Target Store and Best Buy in 2005. The Ryder System named the company as the Ocean Carrier of the Year in 2006 and also by Owens Corning for seven consecutive years from 2001 to 2008.
The tonnages of the shipping company's fleet come to 13.3 million DWT and 366,574 TEUs for its container ships. Its fleet breaks down to eight container vessels with 6,000 TEUs or more, seven with 5,000 TEUs or more and eleven container ships with 4,000 TEUs or more. In addition, the company charters 61 container vessels.
The company's own bulk carriers total 34, including nineteen cape size, two Panamax size, nine handy size and four LNG tankers. The company charters 73 bulk carriers on a long-term basis, bringing the total number of its bulk carriers in operation to 107 with 8.6 million DWT.
Hanjing Shipping enjoys roughly an 8 percent container market share in Transpacific routes, ranking third among container shipping companies serving those routes. In the Asia to Europe route, the company's container shipping share reached 8.4 percent in 2003 and 7.6 percent in 2004 before falling to 5.1 percent in 2005, 4.8 percent in 2006 and 5 percent in 2007.
The company operates 60 liner services, calling on 90 ports in 35 countries. In the Asia-U.S. route, it has 18 weekly services, calling on ports in Korea, China, the U.S. and Canada with container vessels ranging from 1,450 TEUs to 7,500 TEUs. It has three weekly services in the Asia-Middle/South America route ranging from 1,100 TEUs to 2,800 TEUs, calling on ports in the U.S., Brazil, Mexico, Argentina and Uruguay.
The shipping firm has eight weekly services in its Asia-Europe route with vessels ranging from 3,800 TEUs to 9,000 TEUs, calling on ports in Korea, China, Singapore, the Netherlands, Belgium, Germany, Britain and France.
The company deploys the largest number of container vessels in the Inter-Asia route with vessels ranging from 350 TEUs to 2,500 TEUs with 25 weekly services, calling on ports in Korea, Japan, China, Thailand, Vietnam, Singapore, Indonesia, Malaysia, India, Sri Lanka, Iran, the UAE, Saudi Arabia and Australia.
In the Asia-Transatlantic route, the company has three weekly services with vessels ranging from 2,000 TEUs to 3,700 TEUs, calling on ports in the U.S., Egypt, Belgium, Germany, the Netherlands, Italy, Spain, Saudi Arabia, the UAE and India.
The company serves worldwide routes with bulk tramper services transporting grains and iron ore, especially to and from countries like Australia, India and Canada.
The shipping company deploys its tankers to transport LNG from Indonesia and Qatar to Korea under a long-term contract with Korea Gas Corp., and also ships crude oil and LPG worldwide with its tankers. nw

A Hanjin Shipping container ship in an open sea.

President and CEO Park Jung-won of Hanjin Shipping Co.

A Hanjin Shipping container terminal.