Hanjin Shipping in 1st W10 Trillion Sales

      January 31, 2013 12:46

      Hanjin Shipping posted W10.59 trillion in sales last year, becoming the first Korean shipping company to achieve the feat (US$1=W1,085), though it suffered an operating loss of W109.8 billion.

      Despite the slow recovery of the U.S. economy and the financial crisis in the eurozone, Hanjin's sales rose 11.2 percent on-year on the back of increased container traffic.

      Its operating results continued in the red, but profitability got much better compared to 2011's operating loss of W512.9 billion as shipping charges went up on major routes.

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