Hanjin announces goals

Hanjin Shipping announced January 21 that it would achieve 5.6 billion dollars sales and 0.69 billion dollars business profits for this year.

Hanjin Shipping decided on a business plan for this year through its '2005 Global Business Strategic Conference' held on January 19.

It set the goal for the year to handle 2,875,000 TEU container cargoes and 46,900,000 tons bulk cargoes. Also, it will invest 280 million dollars for new vessel orders, port and terminal construction and IT infrastructure to improve earnings and business capabilities. To improve financial conditions, it will lower its debt ratio to 141%.

Hanjin Shipping will push plans for further vessel expansions, better cost competitiveness, risk management strengthening, new service expansions for actual earnings and IT infrastructure rebuilding to achieve its goals.