Independent journal on economy and transport policy
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Hanjin Shipping closes the third trimester in red
The revenues are increased of 3.2%
November 4, 2011
In the third trimester of this year the South Korean shipowning society Hanjin Shipping has recorded a net loss of 85,9 billion won (77 million dollars) respect to a profit of clearly 252,1 billion won in the correspondent period of 2010. The revenues have grown of 3.2% to 2.468, 8 billion won, of which 1979,0 billion generated from the activity of containerized marine transport (+2.8%), 388,8 billion from the activity of bulk transport (- 2.1%) and 101,0 billion generated from other branches of group (+45.1%). The operating result has been negative for 135,1 billion won respect to a profit of 416,9 billion won in the third trimester last year.
In the first nine months of the 2011 company it has totaled a net loss of 500,6 billion won respect to a profit of clearly 294,6 billion won in the same period last year. The revenues are diminished of 1.5% to 7.136, the 3 billion one won and the operating result has been negative for 323,2 billion won respect to a profit of 594,8 billion won in the period January-september of 2010.
In the third trimester of this year the fleet of portacontainer of the company, against an increment of 2.8% of the volume of transactions, has recorded operating liabilities of 169,9 billion won respect to a profit of 407,2 billion won in the correspondent period of 2010. In the period July-september of this year the fleet of portacontainer of Hanjin Shipping has transported cargo volumes pairs to 1.097.851 teu, in increase of 12.3% on the same period of 2010.
In the first nine months of the 2011 revenues generated from the fleet of portacontainer, that it has transported 3.123.066 teu (+13.6%), are diminished altogether of 2.3% to 5.711, 3 billion won (5,848, 5 billion won in the period January-september last year) and the period has been archived item with operating liabilities of 372,8 billion won respect to a profit of 527,7 billion won in the first nine months of 2010.
In the third trimester of the 2011 division Bulk, against a decrease of 2.1% of the revenues, it has totaled an operating profit of 32,0 billion won respect to a profit of 10,1 billion won in the same period, while in the first nine months of the 2011 revenues they are dropped of 1.8% to 1.281, last year 9 billion won regarding 1.204, 4 billion won in the period January-september of 2010 and the operating profit is diminished of 11.7% to 51,1 billion won.
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In the third trimester of this year the South Korean shipowning society Hanjin Shipping has recorded a net loss of 85,9 billion won (77 million dollars) respect to a profit of clearly 252,1 billion won in the correspondent period of 2010. The revenues have grown of 3.2% to 2.468, 8 billion won, of which 1979,0 billion generated from the activity of containerized marine transport (+2.8%), 388,8 billion from the activity of bulk transport (- 2.1%) and 101,0 billion generated from other branches of group (+45.1%). The operating result has been negative for 135,1 billion won respect to a profit of 416,9 billion won in the third trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
