Hanjin reports smaller loss in 2012

Wednesday, January 30, 2013

Hanjin Shipping said it had a net loss of 638 billion South Korean won in 2012 ($587 million), compared to 823.9 billion won in 2011. The company’s operating loss was 109.8 billion won compared to an operating loss of 512.9 billion won in 2011. South Korea’s largest container shipping company said annual sales were 10.6 trillion won in 2012, 11.2 percent more than in 2011. Hanjin, which also has bulk operations, moved 4,477,043 TEUs in 2012, 7.4...

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