Hanjin Shipping Plans to Expand Into New Markets, Cut Costs

Moby-Dick at 09h03
31
Jan
2011
Hanjin Shipping Plans to Expand Into New Markets, Cut Costs

Hanjin Shipping Co., South Korea’s largest shipping line, said it will focus on expanding services to emerging markets and cutting costs this year amid concerns that overcapacity persists in the container market.

“We expect oversupply to be the biggest challenge,” the Seoul-based company said today in a statement. “We will focus on fleet efficiency and cost-cutting measures. We are also planning on expanding ou

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31/01/2011 at 09h03 by "Moby-Dick"