Essay on Business Description Of Hanjin Shipping Co. Ltd

With the mission statement “We move global trade,” Hanjin Shipping Co. Ltd is Korea’s largest and one of the world’s top ten container carriers. Hanjin Shipping operates approximately 60 linear and tramper services around the world, transporting over 100 million tons of cargo annually. The Company commands different types of vessels including 170 container vessels, liquefied natural gas (LNG) carriers, bulk carriers, and oil tankers. As a marine transportation services provider, Hanjin Shipping has four regional headquarters, 230 overseas branches and 30 local corporations. (www.hanjin.com) According to their business description, the company’s logistic network includes 14 dedicated terminals at the world’s major hub ports and six inland logistics bases.
Company history Hanjin Shipping was founded by Chairman Choong Hoon Cho in 1977 as Hanjin Container Lines Ltd. (www.hanjin.com) In 1978, Korea’s first Middle East Route was established and within the following 2 years, regular to weekly service to the US West Coast was launched. By 1986 a terminal was opened in Seattle and in 1988 a merger between Korea Shipping and Hanjin Container Lines gave emergence to Hanjin Shipping Co. Ltd. (MarketLine, 2012) From 1994 through 2001, the company opened services in Tokyo, Japan, established services from Pusan to four ports in China, Europe, and Mediterranean.

Summary of Operations and Routes Not only is Hanjin Shipping a marine transportation provider, they are also engaged in…