Case Analysis Of Hanjin Shipping

Improved Essays
Show More
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 …show more content…
(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 …show more content…
The bulk carriers mainly transport resources for energy production and raw materials used to drive industrial development. The transportation shipping provider services many Korean and global steelmakers and electricity companies through Contracts of Affreightment (COA). (www.hanjin.com) According to the most recent company data available, Hanjin operates a sizeable bulk fleet consisting of 18 owned bulk vessels, including 13 Capesize ships ranging from 150,000 deadweight tonnes (DWT) to 207,000DWT in size, three 100,000DWT to 149,000DWT vessels and one 38,393DWT Handymax carrier. The company also frequently uses the services of chartered ships, tailoring its chartered fleet depending on the level of demand. The majority of Hanjin 's dry bulk fleet is contracted under long-term contracts of affreightment to the company 's major clients, Pohang Iron & Steel Co (POSCO) and Korean Electric Power Co. (KEPCO). The main cargoes carried by the fleet include iron ore, coking and steaming coal and steel. (Israel Shipping Report,

Related Documents

  • Decent Essays

    Long Beach Research Paper
    • 228 Words
    • 1 Pages

    Long Beach Research Paper

    Main channel depth of 76 feet can accept large liquid tankers. It has 10 piers with 35 mile water front and 32 acres of land. Its diversity in receiving almost anything shipped is incredible. From containerized material, powder, agriculture products, metal, oil, apparel, and more. It allows a customer to ship almost anything.…

    • 228 Words
    • 1 Pages
    Decent Essays
    Read More
  • Improved Essays

    Feightways Case Study
    • 785 Words
    • 4 Pages

    Feightways Case Study

    As presented before, it is noticed that Freightways has the strategy of its mainly objective, grow organically, defined through solid relationship with its customers and alliances, keep investing in the domestic market and in information manager sector that has been leveraging Freightways…

    • 785 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    An Analysis Of Zheng He's Voyages
    • 1366 Words
    • 6 Pages

    An Analysis Of Zheng He's Voyages

    Imagine sitting on the front porch, enjoying a warm cup of morning coffee, when, all of a sudden, a fleet of over three-hundred ships come sailing into the harbor, each ship being both longer and wider than an entire football field. Intimidating, right? Immediately, one feels small, weak, powerless, and maybe even a little bit scared. Well, time and time again, countries across the Indiana Ocean trading network experienced the same exact feeling. Zheng He devoted his life to a series of seven voyages.…

    • 1366 Words
    • 6 Pages
    Superior Essays
    Read More
  • Superior Essays

    Blackbeard: Modern Day Piracy Or Gang Crime?
    • 1747 Words
    • 7 Pages

    Blackbeard: Modern Day Piracy Or Gang Crime?

    This narrow channel of water between Sumatra and Malaysia creates the link between the Indian Ocean and the Pacific Ocean, making the Malacca Strait one of the most frequently traversed passages taken by commercial vessels and tankers (Burgess 160). As of 1998, four of the world’s five busiest seaports, which include Rotterdam, Singapore, Shanghai, Nagoya, and Hong Kong, exist in Asia (Marley 26). As Chalk states, piracy is driven by the large amount of trade moving through the sea on vessels and tankers, as well as the need for these ships to pass through dangerous waters which are not secured and are filled with lurking pirates (2). With the few numbers of bodies of water that commercial ships can travel through to arrive at their intended destination,…

    • 1747 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    Fds Dispatch Research Paper
    • 554 Words
    • 3 Pages

    Fds Dispatch Research Paper

    Over a decade of expert care and high-quality customer service set us miles apart from other car shippers. More than safe and secure door-to-door auto transport and get peace of mind with FDS Dispatch. With the company, your tension of how to find the right ship car company will be sorted. Competitive pricing and so far the cheapest in the entire market • Our philosophy is to provide you the best price every time, free from hidden fees and high-pressure…

    • 554 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Trucking Simulation
    • 658 Words
    • 3 Pages

    Trucking Simulation

    (Fleetownercom, 2015) Over the next decade, overall U.S. freight outlook tonnage will rise nearly 25% and revenues from that freight will surge above 70%, per the latest long-term freight forecast released by the American Trucking Association. Growth in overall freight volume is pegged at 2.8% per year from 2014 to 2019, then it tapers off to 1.0% during the next six years, through 2025, Trucking’s share of that increase will be from 69.1% in 2013 to 71.4% in 2025 The dynamics of the trucking industry are changing at an accelerating pace. (Monitordailycom, 2015) Technology, economic obsolescence, government regulations and the availability of Big Data are converging with more traditional indicators like current fleet age, and replacement and…

    • 658 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Ocean Carriers Inc.: Case Study: Ocean Carriers Inc.
    • 1086 Words
    • 5 Pages

    Ocean Carriers Inc.: Case Study: Ocean Carriers Inc.

    EXECUTIVE SUMMARY Ocean Carriers Inc. is a global provider and operator of capesize dry bulk carriers carrying mainly iron ore. The objective of this analysis is to determine whether Ocean Carriers should launch the two year production of a new capsize carrier incurring costs of $39 million. To thoroughly analyze this decision, various factors should be considered such as net present value of future cash flows, current and future expectations of supply and demand determining costs of production and expected revenues from future orders. It is recommended to minimize costs that Ocean Carriers consider producing the capsize carrier in Hong Kong as it provides tax benefits as well as an optimal geographical location to receive resources.…

    • 1086 Words
    • 5 Pages
    Improved Essays
    Read More
  • Decent Essays

    Puerto Rico Essay
    • 533 Words
    • 3 Pages

    Puerto Rico Essay

    As noted earlier, U.S. shipping companies trading under the Jones Act today are still required to build their ships in the U.S. even though they have outdated designs and cost nearly four times as much as an Asian-built ship. The result is an over-aged fleet providing very expensive services mainly to the U.S. regions of Puerto Rico, Hawaii and Alaska and virtually no coastal shipping at all. EL FARO LOST AT…

    • 533 Words
    • 3 Pages
    Decent Essays
    Read More
  • Great Essays

    Costco Capital Structure
    • 1954 Words
    • 8 Pages

    Costco Capital Structure

    Marketing: Independent sales teams for different customers and segments- defense, consumers, transport units, QFD conducted at regular intervals, large network of dealers and distributors , identification of changing consumer trends to develop innovative products, use of CRM. Service: Easy availability of spare parts, large network of workshops, training facilities for deales and service men. Maruti Suzuki India Ltd: Inbound Logistics: Just In Time implementation, demand management system, implementation of logistics improvement systems.…

    • 1954 Words
    • 8 Pages
    Great Essays
    Read More
  • Decent Essays

    Truck Driver Shortage Analysis
    • 379 Words
    • 2 Pages

    Truck Driver Shortage Analysis

    According to the America Trucking Association, 70 percent of all U.S freight by tonnage is moved by truck. This is projected to be 9 billion tons yearly. The movement of these freights needs competent and devoted drivers. However, one of the challenging factor regarding the industry is the shortage of truck drivers. The shortage has resulted to be one of the greatest challenges for the United States shipping industry as well as the economy.…

    • 379 Words
    • 2 Pages
    Decent Essays
    Read More
  • Decent Essays

    Meli Marine Case Study
    • 885 Words
    • 4 Pages

    Meli Marine Case Study

    Industrial or bulk shipping for commodities, 4. Tanker shipping for natural gas, oil and chemicals. There are many significant factors that affect the container shipping in industry. First are the costs, fixed costs and the bunker costs, Container shipping industry need to consider about the high cost, especially the fixed cost and the fuel cost, fixed cost is so high due to the asset-intensive and vessel expenses, in the same time, fuel cost could be 20%- 40% of cash operating cost. Second is customers, how to contain…

    • 885 Words
    • 4 Pages
    Decent Essays
    Read More
  • Improved Essays

    Moving Business Abroad Case Study
    • 859 Words
    • 4 Pages

    Moving Business Abroad Case Study

    What pertinent aspects of U.S. law should the company be aware of in its goal to do business internationally? Alien Tort Claims Act of 1789, is a law that over the years have become a very important human rights tool for any infringement of a right. “Since 1980, the ATCA has been held to apply to human rights violations by agents of foreign nations occurring outside the United States.” (Sebok)…

    • 859 Words
    • 4 Pages
    Improved Essays
    Read More
  • Great Essays

    Case Analysis Of The Ford Motor Company
    • 1821 Words
    • 8 Pages

    Case Analysis Of The Ford Motor Company

    A grand Jury indicted the Ford Motor Company on charges of reckless homicide and criminal negligence that played a part to the death of three teenage girls on August 1978 in Elkhart, Indiana. They were killed in a fiery crash when their Ford Pinto was struck from the rear by a van driver on U.S Highway 33 near Goshen Indiana. Their automobile exploded and burst into flames. The Elkhart County grand Jury argued that Ford Company had previous knowledge that the fuel tank of pinto in which Judy Ulrich, 18; her sister Lynn, 16 and their cousin Donna Ulrich, 18 was hazardous. The grand jury stated that Ford Motor Company “had the legal right to warn the general public," - a legal obligation that ford failed to regulate.…

    • 1821 Words
    • 8 Pages
    Great Essays
    Read More
  • Improved Essays

    Case Study Of Dubai Logistics City Project
    • 740 Words
    • 3 Pages

    Case Study Of Dubai Logistics City Project

    Dubai Logistics city project is the world 's first integrated logistics and multi-modal transport platform - with the new Dubai Logistics City (DLC), Jebel Ali Port and Free Zone and the new Jebel Ali International Airport (JXB) at its core. It is set up as another free zone in the desert, for reasons of vast expansion possibilities and close proximity of Jebel Ali International Airport which benefits companies for the perfect tri-modality within a single customs bond. Furthermore it is very easy to change freight from air, sea, or land transportation to neighboring countries as well as further locations. The reasons that have led to this project was although the existing facilities in the Dubai cargo village are considered to be the best…

    • 740 Words
    • 3 Pages
    Improved Essays
    Read More
  • Superior Essays

    Port Of Singapore Case Study
    • 2159 Words
    • 9 Pages

    Port Of Singapore Case Study

    Abstract: The Port of Singapore has a multi-pricing structure. The costs are arranged in three categories: port-calling costs, terminal-handling costs and concession pricing. Port-calling costs are the costs of all services offered to the vessel, ranging from access to quay or terminal, to pilotage, to the supply of water and bunkering, i.e. they encompass all ship-handling costs. Terminal-handling costs comprise costs for loading or unloading, storage, customs clearance, repacking and forwarding, i.e. they cover all services required for moving the cargo onwards through the port and down the supply chain. Terminal concession costs are the cost of acquiring a dedicated terminal.…

    • 2159 Words
    • 9 Pages
    Superior Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings