• ITVI.USA
    15,839.740
    -5.440
    0%
  • OTLT.USA
    2.799
    -0.007
    -0.2%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    15,836.590
    -10.170
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,839.740
    -5.440
    0%
  • OTLT.USA
    2.799
    -0.007
    -0.2%
  • OTRI.USA
    22.070
    0.480
    2.2%
  • OTVI.USA
    15,836.590
    -10.170
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American Shipper

Hanjin in $780 million profit fall through Q3

   South Korean container line Hanjin Shipping sustained $143.8 million in operating losses in the third quarter, the company said Friday.
   That was a huge swing from the $358.4 million profit the line made in the corresponding period in 2010. Hanjin’s revenue in the third quarter fell 15.7 percent, to $1.7 billion, while container volume increased 12.3 percent, to 1.1 million TEUs.
   For the year, Hanjin’s container division revenue has fallen 2.3 percent, to $6 billion, while it has incurred $315.6 million in operating losses through the first three quarters, compared to an operating profit of $464.5 million in 2010. Container volume has risen 13.6 percent through three quarters, to 3.1 million TEUs.
   “The container division will focus on recovering freight rates by service rationalization as a preparation for the expected imbalance between demand and supply especially during the traditional slack season,” Hanjin said in a statement. “We will also continue our efforts to reduce all possible costs in order to improve the profitability of our container business.”

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