Hanjin sinks into the red with $191m loss

By Mike Grinter in Hong Kong - Friday 8 May 2009

HANJIN Shipping, South Korea’s largest shipping company, sank into the red with a loss $191m in the first quarter, as the global recession bit deeper.

Hanjin said it was seeking to defer deliveries of newbuildings on its 31-ship orderbook in an attempt to mitigate the effects of global recessionary pressures on the company.

“We ha...

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