Hanjin Shipping aims to join world's Big Five
Firm seeks to expand global network by securing its own terminals in Americas, Europe and Asia
High international oil prices took their toll on the local shipping industry. As a result, it is expected that their sales and profit in 2006 had decreased from the preceding year and the situation will remain not so bright in 2007.
Park Chung-won, president of Hanjin Shipping, which ranks No. 1 in the industry, said, "The year 2007 will be another difficult year for us due to high oil prices and a rise in logistics costs. But we will strive to secure sustainable growth potential."
...... Read more on The Korea Herald
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