Hanjin Shipping delivers big turnaround in 2015

The Korean shipping group improved its result by almost USD 400 million in 2015 and edged its way back into the black. The positive result is due to efficiency measures as well as reduced expenses, and the carrier expects to maintain the positive result in 2016.

BY DANIEL LOGAN BERG-MUNCH

Korean Hanjin Shipping, which primarily operates vessels in container and dry bulk, delivered a major turnaround in 2015 in two extremely pressured markets.

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Hanjin Shipping delivers big turnaround in 2015

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Further reading

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Less than one percent of the container fleet is currently idle

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Analysis: Capesizes have become too expensive despite strong market

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