HANJIN SHIPPING COMPANY

History

            Hanjin Shipping Holdings Ltd was founded in 1949 at the South Korea as a global shipping and logistic company. 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 (Liquefied Natural Gas) carriers. Hanjin Shipping, an operating company of Hanjin Shipping Holdings has its own ocean transportation, terminal operation, ship management, ship repair and third parties logistics serving various customers around the world. With 6,000 employees in 60 different countries and 230 branch offices, Hanjin Shipping is building its global logistics network, which is also supported by the company’s 13 dedicated terminals at the world’s major hub ports and 6 inland logistics bases.  In addition, Hanjin Shipping is trying to fulfil its duties as a corporate citizen by adopting eco-friendly container, developing CO2 emission calculator and establishing management system based on ethics and transparency of global standards. Hanjin Shipping Company has provided the service such as Freight forwarding and Contract logistics. In Freight forwarding, the Hanjin as an ocean forwarding by provides the transportation service for customer product and it also as an air forwarding by provides air carrier for the goods. It also has a multimodal service using sea and air and railway. This is the most efficient in terms of both lead time and logistic cost. Besides, Hanjin also provide service for the custom clearance by declaration services to Customs Authority for export or import. The expanded services for duty refund, duty pre-payment and inspection management. The consolidation concept also was practical by Hanjin in order to saving cost and transportation efficiency can be improved with order management and cross dock. From trucking services to value-added service, Hanjin logistics provides a wide range of contract logistics services. Hanjin first-class services offer not only basic transportation and storage services but also specialized value-added services. In their service such as container service, it 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. They also transport in bulk quantity product.This division of the shipping company delivers a variety of resources and raw materials through its contract with other companies. The division's ships are LNG and VLCC ships which carry crude oil and chemicals. The shipping terminals for this company are distributed internationally. There are fourteen dockyards that this company owns: four in Korea, three in the United States of America, two in Japan, and the rest in Spain, Taiwan, Vietnam and Belgium. As the Third Party Logistics, Hanjin shipping and relative, Hanjin Logistics often conspires. Their teamwork allows the shipping division to provide logistics to third parties. Its 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. Hanjin Shipping is expanding its 3PL and more as part of its business diversification efforts.It also has serve the ship repair service.The ship repair yard is located at Shanghai’s Zhejiang Eastern Shipyard Co.,Ltd., which is an affiliate of Hanjin. All this give a benefit to the Hanjin Company to be a worldwide shipping company.So,it does not impossible to the Hanjin Company to achieve their vision for being the global leader shipping company.