Shipping

Better shipping rates boost Hanjin Shipping to improved result

Baird Maritime

Hanjin Shipping has had a change of fortune, posting a much-improved 2010 net profit of KRW275 billion (US$250 million) compared with a KRW86.5 billion loss in 2009.

Sales in the container side of the business were responsible for much of the result, increasing 40 percent. The bulk shipping division reported a six percent sales improvement.

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