Independent journal on economy and transport policy
11:37 GMT+1
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Hanjin Shipping, will sell the transpacifici services to the Korea Line for 31,4 million dollars
In the 2015 such activity they have generated 54.9% of the revenues totals of the South Korean company
November 22, 2016
Today the company of South Korean navigation Hanjin Shipping, than to september is placed in controlled administration, has confirmed the cession of own transpacifici marine services and the activities correlated to the compatriot Korea Line Corporation (KLC), navigation society that in recent days was selected which preferential offerer for the acquisition of these assets ( on 14 November 2016). The transaction, that it will be capacity to term within next 5 January, will have a value of 37 billion won (31,4 million dollars).
The transaction will not include the participation of 54% of Hanjin Shipping in Total Terminals International (TTI), society that terminal in the American ports of Long Beach and Seattle manages, while it will comprise instead the transfer of 574 dependent of Hanjin Shipping to the Korea Line.
In the 2015 transpacifici services they have generated 54.9% of the entire volume of revenues of Hanjin Shipping that had been pairs to 7.735, 5 billion won (6,5 billion dollars). Last year on the transpacifiche routes the ships of the company had transported total containerized cargos for 1,85 million teu, pairs to 40% of the entire cargo volume transported from the fleet of Hanjin Shipping that had been pairs to 4,6 million teu.
We remember that on the transpacifiche marine routes Hanjin Shipping collaborated with Chinese company COSCO Container Lines (COSCON), the Japanese Kawasaki Kisen Kaisha ("K" Linens) and the taiwanesi Yang Ming Line and Evergreen Line in the within of alliance CKYHE.
Currently KLC has a fleet of 29 ships, of which 19 to rinfusiere, eight ships for which liquified natural gas, Pure oil tankers and a Car Truck Carrier. The South Korean company has closed the first nine months of this year with a profit of clearly 16,4 billion won (14 million dollars) on revenues pairs to 358,2 billion won, with decreases respective of the -47,9% and the -7,2% on the correspondent period of 2015. The operating profit is piled to 24,4 billion won (- 64.0%).
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