■ Hanjin Shipping, Global Shipping & Logistics Company

- Aims to be respected by the world as the premier total logistics service provider

Hanjin Shipping ( President & CEO J.W. Park) is Korea's largest carrier that operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 200 containerships, bulk and LNG carriers. The company is worth KRW 6 trillion and earning KRW 6 trillion annually.

A member of the Hanjin Group, Hanjin Shipping has several subsidiaries including Keoyang Shipping and Senator Lines GmbH, and affiliates including logistics IT specialist CyberLogitec, Pyeongtaek Container Terminal Co., Ltd., ship management company, Hanjin SM (Ship Management), and terminal operation company, HPC (Hanjin Pacific). 

Hanjin Shipping has a comprehensive global business network with 3 regional headquarters, 200 overseas branch offices, and 30 local corporations, earning about 90% of its total revenue overseas.

Hanjin Shipping's world-class logistics network includes 11 dedicated terminals in Long Beach, Tokyo, Kaohsiung, and Busan among others and six inland logistic bases in such locations as Shanghai, Qingdao, and Port Kelang. 4 more dedicated container terminals are scheduled to open in the near future; in Rotterdam in 2008 Busan New Port of the development Phase 2-1 in 2009, Vietnam and Jacksonville in 2011.

Furthermore, Hanjin Shipping’s ship repair yard in China scheduled for completion in 2008 will provide efficient repair services not only for its own vessels but also for other carriers, thereby functioning as a new source of income for the company.

Hanjin Shipping’s seamless international shipping service was recognized by the Best Carrier Awards by Fred Meyer in 2004, Good Partner Awards by Target Store and Best Buy in 2005. Moreover, Hanjin Shipping was honored as the Ocean Carrier of the Year by Ryder System in 2006 and also by Owens Corning for five consecutive years from 2001 to 2007.

In 2007 Hanjin Shipping earned total sales of KRW 6.94 trillion, operating income of KRW 235.9 billion, net profit of KRW 145.7 billion and paid out cash dividends for 9 years in a row so as to respect the company’s shareholders.

In 2008 Hanjin Shipping targets to achieve total sales of USD 8.18 billion (KRW 7.36 trillion), operating income of USD 510.5 million (KRW 459.4 billion). And in order to achieve those targets, the company aims to transport around 3.66 million TEU for container and 37 million tons for bulk. 

In early 2003, Hanjin Shipping allied with COSCON of China, Yang Ming of Taiwan, K-Line of Japan, and Senator Line of Germany to form 'CKYHS Alliance,' the world's largest strategic alliance. The CKYHS Alliance has enabled Hanjin Shipping to sharpen its competitive edge by broadening its service coverage, offering Express Services, and sharing space with the allies to lower costs.

Further plans of the CKYHS Alliance include joint operation of regional feeder services and 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 3PL business on track and building a ship repair yard as part of its business diversification efforts.