• ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Hanjin’s net income up 2.3%

Hanjin’s net income up 2.3%

   Seoul-based Hanjin Shipping today reported a 2.3 percent rise in third quarter net income to Won176.3 billion ($168 million), from Won172.3 billion in the same quarter last year.

   Hanjin said the rise in net income was due to an increase in non-operating profits and the introduction of tonnage tax.

   Operating income in the latest quarter slumped 43 percent to Won145.4 billion ($139 million), compared to Won254.4 billion in the in the third quarter 2004. The company blamed the operating income decline on a rise in bunker purchasing price and continuing weakness in the U.S. dollar.

   Hanjin’s third-quarter revenue dropped 6 percent to Won 1.51 trillion from Won1.60 trillion a year earlier, although the company’s revenue in U.S. dollars increased 5.5 percent to $1.47 billion from $1.39 billion in the year prior quarter.

   The Korean carrier said it transported 731,437 TEUs in the latest quarter, up 6 percent from 687,833 TEUs in the third quarter 2004.

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