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You are here: Home → Archive → 2009 → August → 10 → Hanjin dips to US$325m second quarter loss

Hanjin dips to US$325m second quarter loss

by Mike Grinter - Hong Kong — last modified Aug 10, 2009 11:42 AM

An increase in box volumes in the second quarter of this year did little to mitigate crippling losses at Hanjin Shipping.

Downward pressure on freight rates in transpacific trade, on which Hanjin is highly reliant, was the main contributing factor in the company’s net loss of Won399.2bn (US$325m) in the second quarter.

The latest loss reflects a significant deterioration from the first...

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