Hanjin Shipping closes according to trimester with a net loss of about 254 million dollars



In according to trimester of this year fleet of portacontainer of the Hanjin Shipping company it has transported containerized cargo volumes pairs to 1.079.914 teu, with a progression of 13.2% regarding 953.917 container teu in the correspondent period of 2010.

In spite of such decided increase, the economic results of the South Korean company have recorded an sensitive deterioration. The period April-june of 2011 has been archived item with a net loss of 274,0 billion won (254 million dollars) on revenues for 2,392, 3 billion won respect to a profit of clearly 206,2 billion won on revenues for 2,429, 5 billion won in according to trimester last year. The revenues in the single field of the container have been pairs to 1.925, 6 billion won (- 1.2%), while those generated from the activity of the bulk transport have totaled 397,1 billion won (- 5.5%). The operating result has been negative for 170,3 billion won (of which -172,0 billion in the field of the container, -150 million in the field of the bulk and +1,9 billion from other asset) respect to a positive result for 180,4 billion won in the quarter April-june of 2010.

Hanjin Shipping has explained that, because of the uncertainty of the world-wide economy, in according to trimester of this year expenses has grown of 5.2% regarding the trimester precedence as a result of the increment of the transported volumes. Regarding last year, moreover, the costs of the fuel have grown let alone the costs of the logistics and are a delay in the rise of the hires for the transpacifiche routes and that Asia-Europe. Hanjin Shipping has specified that, in particular, because of the relatively greater exposure of the company regarding the Asia-Europe traffics, market whose hires quickly have the impact of the breaking in on the routes of portacontainer of large-capacity, in according to trimester of the 2011 operating loss of the division container particularly is emphasized regarding the trimester precedence. The company has specified that, to such care, it is putting into effect measures in order to improve the economic results of the division container between which the suspension of routes in loss, the reorganization of the ports of port of call and the spins of the services and the reorganization of the employment of the ships of the fleet.

For the third trimester of this Hanjin Shipping year it previews an increment of the transported containerized volumes, but also an improvement of the economic results of the division container graces to a rise of the hires and the cost reduction. An improvement is attended also in the field of the bulk transport.