WHO IS HANJIN? History, Services, Fleet, Market Shares, Terminals

Hanjin Shipping Co. Ltd is South Korea’s largest and one of the world’s top ten container carriers in terms of capacity. Hanjin shipping operates some 60 liner and tramper services around the globe transporting over 100 million tons of cargo annually. Its fleet consists of some 200 containerships, bulk and LNG carriers. Hanjin Shipping has its own subsidiaries dedicated to ocean transportation and terminal operation and it has 230 branch offices in 60 different countries.In April 2016, Hanjin applied to its creditors for debt restructuring, in order to avoid formal insolvency proceedings. On August 31, 2016, Hanjin filed for bankruptcy protection at the Seoul Central District Court and requested the court to freeze its assets, after losing support from its banks the previous day. According to the Reuters report, the court will decide whether Hanjin Shipping should remain as a going concern or be dissolved in a few months.The financial struggles of Hanjin Shipping are attributable to an ongoing downturn in the container shipping industry that is the result of numerous interrelated factors such as weak global GDP, overcapacity on container vessels, “bloated” US retail inventories, changing consumer spending patterns, Chinese economic slowdown, and muted demand for container shipping. The downturn has dented profits and crippled the financial health for the majority of the top twenty ocean carriers.

Container – Transports approximately 3.7 million TEU containers a year. This service consists of 104 container ships which allows for this service to produce such an output per year. Recently, in 2010 the South Korean shipping company was the first to introduce a 10,000 TEU class carrier ship, which travels between Asia and Europe.

Bulk – This division of the shipping company delivers a variety of resources and raw materials through its ‘contract of affreightment’ with other companies. The division’s ships are LNG and VLCC ships which carry crude oil and chemicals.

Terminal – Hanjin Shipping operates 13 container terminals and 2 logistics center, 6 Off Dock Container Yards (ODCY) at major ports and inland locations around the world. The 13 container terminals are strategically located at 5 major ports in Korea, 2 ports on the US West Coast, 2 in Japan and 1 each in Belgium, Spain, Taiwan and Vietnam.

Ship Repair Yard Service – Hanjin Shipping established the Zhejiang Eastern Shipyard Co., Ltd. (ZESCO) on Qushan Island, China, as a joint venture with Shunhe Shipping (China), Sinotrans (China) and K-Line (Japan) in April, 2009. The ship repair yard is built on a site spanning over 550,000 ㎡ with a 1,740m-long quay and two docks, big enough to berth and repair large vessels. Strategically located in the vicinity of the Shanghai Yangshan Container Terminal and in the center of China’s ship repair industry cluster around Zhoushan, the shipyard has repaired and converted more than 910 vessels of various types since its establishment.

SERVICES

US East Coast Service
(AWH) All Water East Coast Service I
(AWC) All Water East Coast Service II
(AWY) All Water East Coast Service III
(AW8) All Water East Coast Service VIII
(NUE) N.ASIA-U.S EAST SERVICE
(AWT) All Water Gulf of Mexico Service
(AWZ) All Water East Coast Service IX

US West Coast Service Close
(CAX) China America Express Service
(HPM) HANJIN PACIFIC MED SERVICE
(PSG) Pacific South & Gulf Service
(CPM) COSCO PACIFIC MED SERVICE
(SEA) South China Express Service
(HTW) Hong kong, Taiwan – US West Coast Service
(CEN) China North-East US West Coast Service
(JPX) Japan Express Service
(YPS) Pacific Taiwan Express Service
(PNH) Pacific Northwest Hanjin Express Service
(PCN) Pacific Northwest Cosco Express Service
(KPN) Pacific Northwest Japan Service
(PNY) Pacific Northwest Hanjin-Yangming Express

North Europe Service 
(NE2) Asia-North Europe Service II
(NE3) Asia-North Europe Service III
(NE5) Asia-North Europe Service V
(NE6) Asia-North Europe Service VI
(NE7) Asia-North Europe Service VII
(CFN) China France Network Service
(CUN) China UK Network Service

Mediterranean Service
(HPM) HANJIN PACIFIC MED SERVICE
(CPM) COSCO PACIFIC MED SERVICE
(MD2) Asia-Mediterranean Service II
(FEM) FAR EAST MED SERVICE
(CMN) China Med Network Service
(IME) INDIA M.EAST MED SERVICE
(RET) RED SEA EGYPT TURKEY SERVICE

Trans Atlantic Service
(MEN) MED N.AMERICA SERVICE

Intra-Europe
(NSE) North Spain Express (Feeder)
(NS2) NORTH SPAIN EXPRESS 2
(GSE) Gibraltar Strait Express (Feeder)
(EM1) East Med/Turkey Service (Feeder)
(EM2) East Med/Levant Service (Feeder)
(EM4) EGYPT TURKEY SERVICE4
(MA1) MALTA ADRIATIC FEEDER SERVICE1
(MA2) MALTA ADRIATIC FEEDER SERVICE2

Red Sea / M.East Service
(FMX) Far East Middle East Express
(RSS) RED SEA SERVICE
(PSG) Pacific South Express
(FM1) FAR EAST MIDDLE EAST EXPRESS 1

India Service
(FIX) Far East India Express
(IFX) INDIA FAR EAST EXPRESS
(AIM) ASIA INDIA MIDDLE EAST SERVICE
(ICS) India China Service
(ITS) INDIA THAILAND SERVICE

Intra-Asia Service
(KPI) Korea Philippine Indonesia Service
(RUS) RUSSIA SERVICE
(CKI) China Korea Indonesia Service
(CSE) CHINA STRAITS EXPRESS
(KIS) Korea Indonesia Service
(CHP) CENTRAL CHINA HAIPHONG SERVICE
(NHS) NEW HOCHIMINH SERVICE
(BKS) Bangkok Korea Service
(JIE) JAPAN INDONESIA SERVICE
(KH1) KOREA HAIPHONG SERVICE 1
(KH2) KOREA HAIPHONG SERVICE 2
(PHX) PHOENIX SERVICE (PHX)
(VTS) VIETNAM THAILAND SERVICE
(JIS) Japan Indonesia Service
(NTS) New Thailand Service
(QIS) QINGDAO GYEONG-IN SERVICE

Australian Service
(FOX) FAR EAST ASIA OCEANIA EXPRESS
(AUS) Australia Service
(CAT) CHINA AUSTRALIA TAIWAN SERVICE
(WAX) WEST AUSTRALIA EXPRESS SERVICE

M.East / S.Asia Feeder
(PGX) Persian Gulf Feeder Express
(CHS) Calcutta-Haldia Feeder Service
(BWS) Belawan Feeder Service
(JKS) Jakarta Service
(SBY) Surabaya Feeder Service
(CSS) CHITTAGONG SINGAPORE SERVICE
(UIF) UAE IRAQ FEEDER
(UKF) UAE KUWAIT FEEDER
(USF) UAE SAUDI FEEDER
(SPS) PHILIPPINES SINGAPORE SHUTTLE
(SRS) Semarang Feeder Service
(TSS) Thailand-Singapore Feeder Service
(BSF) BANGKOK SHUTTLE FEEDER
(HS2) HAIPHONG SOUTH CHINA FEEDER 2
(SGF) SONGKLA FEEDER
(UBF) UAE – BUSHEHR FEEDER
(UDF) UAE DOHA FEEDER
(HSF) HAIPHONG SINGAPORE FEEDER SERV
(YGS) Yangon Feeder Service
(CSF) CAMBODIA SINGAPORE FEEDER SERV
(PMX) PUSAN MANILA EXPRESS
(IGF) INDIA GULF FEEDER SERVICE
(KCF) KOCHI COLOMBO FEEDER SERVICE
(MCF) MADRAS COLOMBO FEEDER SERVICE
(TCF) TUTICORIN COLOMBO FEEDER SERVICE

Far East Feeder
(KJ1) KOREA JAPAN SERVICE 1
(KJ2) KOREA JAPAN SERVICE 2
(KCX) TAO-PUS FEEDER SERVICE
(KDS) KOREA-DALIAN SERVICE
(TEF) Transpacific Europe FDR SVC
(JF1) JAPAN FEEDER SERVICE 1

MARKET SHARES

(SOURCE: HANJIN 1Q 2016 Operating Results)

CONTAINER VESSEL FLEET-OWNED

Vessel Name	Delivery	(TEU)	(Plug)	Class	Flag
HANJIN AMERICA	2012	13,102.00	800.00	KR	ISLE OF MAN
HANJIN ATLANTA	2009	4,275.00	348.00	KR	PANAMA
HANJIN BREMERHAVEN	2006	6,655.00	600.00	KR	PANAMA
HANJIN BUDAPEST	2006	6,655.00	600.00	KR	PANAMA
HANJIN CHINA	2011	9,954.00	800.00	KR	PANAMA
HANJIN CHONGQING	2008	6,655.00	600.00	KR	PANAMA
HANJIN DURBAN	2008	4,275.00	348.00	KR	PANAMA
HANJIN EUROPE	2012	13,102.00	800.00	KR	ISLE OF MAN
HANJIN GDYNIA	2009	4,275.00	348.00	KR	PANAMA
HANJIN GOLD	2013	13,102.00	800.00	KR	ISLE OF MAN
HANJIN GREEN EARTH	2013	13,102.00	800.00	KR	ISLE OF MAN
HANJIN HAMBURG	2011	8,586.00	700.00	KR	PANAMA
HANJIN INDIGO	2013	4,662.00	500.00	KR	PANAMA
HANJIN KINGSTON	2008	4,275.00	348.00	KR	PANAMA
HANJIN KOREA	2010	9,954.00	800.00	KR	PANAMA
HANJIN LONG BEACH	2010	8,586.00	700.00	KR	PANAMA
HANJIN LOS ANGELES	1997	4,024.00	354.00	KR	KOREA
HANJIN MONACO	2009	4,275.00	348.00	KR	PANAMA
HANJIN MUMBAI	2007	6,655.00	600.00	KR	PANAMA
HANJIN NETHERLANDS	2011	9,954.00	800.00	KR	PANAMA
HANJIN NEW YORK	2011	8,586.00	700.00	KR	PANAMA
HANJIN NORFOLK	2008	4,275.00	348.00	KR	PANAMA
HANJIN PARIS	1997	5,302.00	500.00	KR	KOREA
HANJIN PIRAEUS	2008	4,275.00	348.00	KR	PANAMA
HANJIN PORT KELANG	2006	6,655.00	600.00	KR	PANAMA
HANJIN RIO DE JANEIRO	2008	4,275.00	348.00	KR	PANAMA
HANJIN ROME	1998	5,302.00	500.00	KR	KOREA
HANJIN ROTTERDAM	2011	8,586.00	700.00	KR	PANAMA
HANJIN SCARLET	2013	4,662.00	500.00	KR	PANAMA
HANJIN SEATTLE	2011	8,586.00	700.00	KR	PANAMA
HANJIN SHENZHEN	2008	6,655.00	600.00	KR	PANAMA
HANJIN SOOHO	2012	13,102.00	800.00	KR	ISLE OF MAN
HANJIN SPAIN	2011	9,954.00	800.00	KR	PANAMA
HANJIN TIANJIN	2007	6,655.00	600.00	KR	PANAMA
HANJIN UNITED KINGDOM	2011	9,954.00	800.00	KR	PANAMA
HANJIN WHITE	2014	4,620.00	500.00	KR	PANAMA
HANJIN XIAMEN	2007	6,655.00	600.00	KR	PANAMA

CONTAINER VESSEL FLEET-CHARTERED

Vessel Name	Delivery	(TEU)	(Plug)	Class	Flag
HANJIN AFRICA	2012	13,102.00	800.00	KR	ISEL OF MAN
HANJIN ALGECIRAS	2011	3,494.00	300.00	GL	MALTA
HANJIN AMI	2014	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN AQUA	2013	4,532.00	500.00	KR	PANAMA
HANJIN ARGENTINA	2013	3,566.00	500.00	DNV-GL	SINGAPORE
HANJIN ASIA	2012	13,102.00	800.00	KR	ISEL OF MAN
HANJIN BALTIMORE	2005	7,471.00	500.00	DNV-GL	MARSHALL ISLANDS
HANJIN BLUE OCEAN	2013	13,102.00	800.00	KR	ISEL OF MAN
HANJIN BOSAL	2015	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN BOSTON	2005	7,471.00	500.00	DNV-GL	GERMANY
HANJIN BUDDHA	2014	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN BUENOS AIRES	2010	3,494.00	300.00	GL	MALTA
HANJIN CALIFORNIA	2013	3,674.00	500.00	LR	LIBERIA
HANJIN CHENNAI	2010	2,534.00	250.00	NK	PANAMA
HANJIN CONSTANTZA	2011	3,494.00	300.00	GL	MALTA
HANJIN CROATIA	2016	9,010.00	150.00	ABS	MALTA
HANJIN CZECH	2015	9,010.00	1,500.00	ABS	MALTA
HANJIN DALIAN	2011	2,534.00	250.00	NK	PANAMA
HANJIN DALLAS	2005	7,471.00	500.00	DNV-GL	MARSHALL ISLANDS
HANJIN DUESSELDORF	2009	4,250.00	440.00	DNV-GL	MARSHALL ISLANDS
HANJIN FLORIDA	2013	3,674.00	500.00	LR	LIBERIA
HANJIN GENEVA	2001	5,752.00	500.00	DNV-GL	GERMANY
HANJIN GERMANY	2011	10,114.00	800.00	KR	GREEK
HANJIN GREECE	2011	10,114.00	800.00	KR	LIBERIA
HANJIN GWANSEUM	2015	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN HARMONY	2013	13,102.00	800.00	KR	ISEL OF MAN
HANJIN HOCHIMINH	2008	1,803.00	252.00	ABS	PANAMA
HANJIN HUNGARY	2015	9,010.00	1,500.00	ABS	MALTA
HANJIN INDONESIA	2013	3,566.00	500.00	DNV-GL	SINGAPORE
HANJIN ITALY	2011	10,114.00	800.00	KR	LIBERIA
HANJIN JEBEL ALI	2011	2,534.00	250.00	NK	PANAMA
HANJIN JUNGIL	2014	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN LOUISIANA	2013	3,674.00	500.00	LR	LIBERIA
HANJIN MANZANILLO	2011	2,534.00	250.00	NK	PANAMA
HANJIN MAR	2013	4,532.00	500.00	KR	PANAMA
HANJIN MARINE	2013	4,532.00	500.00	KR	PANAMA
HANJIN MEXICO	2013	3,566.00	500.00	DNV-GL	SINGAPORE
HANJIN MIAMI	2005	7,471.00	500.00	DNV-GL	GERMANY
HANJIN MILANO	2009	4,250.00	440.00	DNV-GL	MARSHALL ISLANDS
HANJIN MONTEVIDEO	2010	4,250.00	440.00	DNV-GL	MARSHALL ISLANDS
HANJIN NAMU	2014	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN NEW JERSEY	2013	3,674.00	500.00	LR	LIBERIA
HANJIN NINGBO	2007	2,553.00	250.00	NK	PANAMA
HANJIN PORT ADELAIDE	2007	2,553.00	250.00	NK	PANAMA
HANJIN SANTOS	2010	3,494.00	300.00	GL	MALTA
HANJIN SWITZERLAND	2016	9,010.00	1,500.00	ABS	MALTA
HANJIN TABUL	2014	10,100.00	1,000.00	DNV-GL	HONG KONG
HANJIN TURKEY	2013	3,566.00	500.00	DNV-GL	SINGAPORE
HANJIN VERSAILLES	2010	3,494.00	300.00	GL	MALTA
HANJIN VIENNA	2000	5,752.00	500.00	DNV-GL	GERMANY
HANJIN YANTIAN	2005	7,471.00	500.00	DNV-GL	MARSHALL ISLANDS

EQUIPMENT FLEET: >500,000 containers of all types and sizes.

SHIPPING TERMINALS

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HISTORY

1977

1977.05 Hanjin Container Lines Ltd., (HJLC) was founded by Chairman Choong Hoon Cho

1978

1978.10 Launched regular service to Middle East – ‘Chongsuk’

1979

1979.03 Regular service to US West Coast was launched

1983

1983.09 Launched U.S.West Coast weekly service

1986

1986.01 HJCL began regular All-Water US East Coast route

1986.07 Reefer Container Service was launched

1986.11 Opened Seattle Dedicated Terminal

1987

1987.06 Started U.S. transcontinental Double Stack Train(DST) Service

1988

1988.12 HJCL merged with KSC and changed name to Hanjin Shipping Co., Ltd(HJS)

1989

1989.01 Hanjin Shipping withdrew from FEFC

1989.03 Joined Transpacific Stabilization Agreement (TSA)

1990

1990.01 Acquired “Hanjin Pittsburg” (38,393DWT), hot coil transporting dedicated vessel

1990.07 Applied HANCOS (Hanjin Container Computerized Online System) booking system to on-field operations

1990.11 Europe Regional HQ moved from London to Hamburg

1991

1991.01 Started pendulum service (Europe-Asia-US West Coast)

1991.03 Opened dedicated terminal (Pier-C) at Long Beach

1991.05 Selected as an operating company for third KOGAS (Korea Gas Corporation) LNG carrier

1991.10 Started ‘On-board with Family Members’ program for staffs on Sea

1992

1992.05 Named Korea’s first 4,000 TEU size vessel, “Hanjin Osaka”

1992.10 Published company magazine, “Hanjin Haeun”

1992.12 Became Korea’s first shipping company to achieve total sales over KRW 1 trillion

1993

1993.01 Acquired first training ship “Hanjin Malta” (4,000TEU)

1993.08 Awarded Lloyd’s Loading List’s Star Performer Award for reliability on Far East – Europe Trades

1995

1995.01 Built global service network with opening of Transatlantic route

1995.02 Hajin Group acquires Keoyang Shipping

1995.04 Launched China-Europe Service

1995.09 Acquired Korea’s first Membrane LNG vessel – “Hanjin Pyeongtaek”

1996

1996.01 Opened the internet homepage (www.hanjin.com)

1996.03 Hired Korea’s first female maritime officer

1996.06 Korea’s first 5,000 TEU ‘Hanjin London’ started service

1997

1997.02 Signed agreement to acquire DSR-Senator

1998

1998.03 Formed United Alliance with DSR-Senator, Choyang Shipping and UASC

1998.07 Adapted Global IT System (NIS)

2000

2000.03 Established IT subsidiary company, CyberLogitec Co., LTd

2001

2001.04 Established Total Terminal International (TTI)

2001.06 Establihsed Hanjin Logistics (HJL)

2002

2002.06 Acquired Industry Safety Standard for OHSAS 18001

2002.09 Opened dedicated terminal Pier (T)) at Long Beach

2003

2003.01 Launched CKYH Alliance

2003.03 Started 3rd Party logistics service with Hanjin Logistics

2005

2005.09 Hanjin Shipping listed on the Forbes List’s 400 Companies

2006

2006.09 Established vessel management company, Hanjin Ship Management

2007

2007.05 Built world’s largest vessel repair yard in Qushan Island, China

2008

2008.07 Agreed to merger with Keoyang Shipping, bulk-oriented subsidiary

2009

2009.05 Busan New Port Terminal Phase 2-1 operation begins

2009.12 Launched Hanjin Shipping Holdings on December 1st

2010

2010.04 Launched new advanced IT system ALPS (Advanced Logistics Pathfinder System)

2010.06 Deployed first 10,000TEU class container vessel, “Hanjin Korea”

2010.07 Opened dedicated terminal in Algeciras, Spain

2011

2011.03 Deployed “Hanjin Ras Tanura”, first own VLCC

2011.03 Opened Vietnam Tan Cang Cai Mep International Terminal

2012

2012.03 Received 13,100TEU class container vessel “Hanjin Sooho”

2012.04 CKYH began joint operation with Evergreen on Asia-Europe/Mediterranean Trade

2012.08 Ranked World No.1 in Vessel Schedule Reliability for Q2, 2012

2012.10 Named the Best Company in Transport for Dow Jones Sustainability Index (DJSI Korea)

2012.12 Became Korea’s first shipping company to achieve total sales of KRW 10 trillion

2013

2013.02 Hanjin Shipping ranked World’s No. 1 for Container Service Reliability (’12.Q4, Drewry)

2013.10 Signed ‘Joint Technology Research for Reducing Fuel Usage of Container Vessels’ with Korean Register of Shipping, Samsung Heavy Industries, Hyundai Heavy Industries.

2013.12 Signed long-term contracts with KOSPO

2014

         2014.03 Launched CKYHE Alliance, with ‘Evergreen’ joining CKYH Alliance

         2014.04 Mr. Yang Ho Cho elected as a Chairman & CEO

         2014.05 Celebrated 37th anniversary and announced 2nd leap of the pinnacle2015

        2015.03 HMM and YML to jointly launch a new Far East – Latin America service

2016

       2016.05 Hanjin, Hapag-Lloyd, “K” Line, Mitsui O.S.K. Lines, Nippon YusenKaisha and Yang Ming          to create a new partnership “The Alliance”

Source: container news, hanjin. wiki

http://container-news.com/hanjin-history-services-fleet-market-shares-terminals/