Hanjin Shipping is Korea's largest and one of the world’s top ten container carriers that 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.
The container shipping lines, a subsidiary of Hanjin Shipping Holdings and an affiliate of CyberLogitec, logistics IT specialist, has its own subsidiaries including Hanjin Pacific Corporation (HPC), terminal operation company, Hanjin Ship Management (HSM), ship management company, ZESCO (Zhejiang Eastern Shipyard), ship repair yard and more.
Hanjin has a comprehensive global business network with 4 regional headquarters, 200 overseas branch offices, and 30 local corporations.
The liner carrier's world-class logistics network includes 13 dedicated terminals in Long Beach, Antwerp, Kaohsiung, and Busan among others and six inland logistic bases in such locations as Shanghai, Qingdao, and Port Kelang. The company recently opened its dedicated terminal in Algeciras, Spain. 2 more terminals are scheduled to open in the near future; Tan Cang-Cai Mep, Vietnam in 2011 and Jacksonville, Florida, U.S.A. in 2013.
Furthermore, in 2009 the company opened a ship repair yard in China, which provides efficient repair services not only for its own vessels but also for other carriers, thereby functioning as a new source of income for the company.
In early 2003, Hanjin allied with COSCON of China, Yang Ming of Taiwan, K-Line of Japan to form 'CKYH Alliance,' the world's largest strategic alliance. The CKYH Alliance has enabled the Korean shipping lines to sharpen its competitive edge by broadening its service coverage, offering Express Services, and sharing space with the allies to lower costs.
Further plans of the CKYH Alliance include joint operation of regional feeder services and joint development of terminals in Asia, the United States, and Europe.
To achieve its goal of becoming "the premier total logistics service provider respected by the global community," Hanjin will continue to enlarge and efficiently operate its fleet, acquire more dedicated terminals, and reinforce its core businesses including container and bulk shipping. In addition, Hanjin is bringing 3PL business on track and building a ship repair yard as part of its business diversification efforts.
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