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DSR-SENATOR TO REPORT FIRST PROFITS

DSR-SENATOR TO REPORT FIRST PROFITS

DSR-SENATOR TO REPORT FIRST PROFITS

   DSR-Senator will return to profitability this year after years of losses,
a senior executive of parent company Hanjin Shipping said.
   Sooho Cho, chairman of Hanjin Shipping, said that DSR-Senator will make a
profit in calendar 1999, for the first time since it was acquired by Hanjin in early 1997.
   DSR-Senator, originally named Senator Lines, has never made a profit since it
was established in 1987.
   DSR-Senator also recently reshuffled its board of directors, following the
appointment of Wook Kim, its new president.
   DSR-Senator’s current senior management consists of Wook Kim; S. H. Lee, vice
president, corporate services; Y. S. Choi, vice president, finance; and J. Steffens,
executive vice president, marketing and logistics.