Last 5,610 KRW
Change Today -110.00 / -1.92%
Volume 827.3K
117930 On Other Exchanges
Korea SE
As of 2:29 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

hanjin shipping co ltd (117930) Snapshot

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09/12/13 - 10,300
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hanjin shipping co ltd (117930) Details

Hanjin Shipping Co., Ltd. provides logistics services worldwide. It provides container services, including reefer services for the transportation of perishable commodities; dangerous and special cargo services; and intermodal services that revolve around its dedicated container terminals, rail, feeder, barge, and truck transportation in maritime carriage. The company also transports resources for energy production and raw materials used to drive industrial development through its bulk carriers; and crude oil through LNG carriers and very large crude oil carriers, as well as operates chemical carriers. In addition, it offers tanker chartering services. The company operates a network of 14 container terminals and 6 off dock container yards (ODCY). Further, it provides ship repair yard services; and vessel management, terminal management, ODCY management, transportation agency, sales agency, and warehousing services, as well as renewable energy services. The company was founded in 1949 and is headquartered in Seoul, South Korea. Hanjin Shipping Co., Ltd. is a subsidiary of Hanjin Shipping Holdings Co., Ltd.

Founded in 1949

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hanjin shipping co ltd (117930) Key Developments

Hanjin Shipping Co., Ltd. Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Year of 2014

Hanjin Shipping Co., Ltd. reported earnings results for the first quarter of 2014. Net loss for the first quarter of 2014 was KRW 224.5 billion, compared to a net loss of KRW 34.7 billion for the same quarter of 2013. Total sales for the first quarter of 2014 were KRW 2.15 trillion, compared to KRW 2.33 trillion for the same quarter of 2013. Operating loss for the first quarter of 2014 was KRW 62.2 billion, compared to an operating loss of KRW 99.1 billion for the same quarter of 2013. The company provided earnings guidance for the year of 2014. The company announced that operating profit is expected to improve from second quarter as continuous rate restoration and cost-cutting efforts since second half of last year show full effect. The company also expects to secure liquidity as financial structure improvement plans such as the liquidation of the long-term contract-based bulk & LNG business and the capital increase, etc. bring about tangible results.

Hanjin Shipping Co., Ltd. Reports Consolidated Earnings Results for the First Quarter of 2014

Hanjin Shipping Co., Ltd. reported consolidated earnings results for the first quarter of 2014. For the quarter, the company reported total sales of KRW 2.15 trillion and operating loss of KRW 62.2 billion. The total sales recorded KRW 2.15 trillion, which has decreased by 7.6% YoY, due to the fall of container freight rate during off-season despite some increase in container transport volume. The company's net loss recorded KRW 224.5 billion, in which a loss on disposal of old vessels of KRW 157.3 billion was reflected.

Seaspan Corporation Accepts Delivery of First 10000 TEU SAVER Containership to Hanjin Shipping Co., Ltd

Seaspan Corporation announced that it accepted delivery of a 10000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd. The ship is the first of a total of three vessels to be chartered by Seaspan to Hanjin, and expands Seaspan's operating fleet to 72 vessels.


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