Hanjin Shipping contract with S-OIL

Hanjin Shipping will transport S-OIL's crude oil.

On March 6, Hanjin Shipping signed a long term KRW 120 billion contract to transport crude oil for S-OIL.
Hanjin Shipping has deployed the mega oil tanker <FPMC C Orient>. From 2014 until the first half of 2019, Hanjin will transport 1,920,000 tonnes of crude oil from Ras Tanura port in Saudi Arabia to Onsan port in Ulsan.

Seok Tea-soo President of Hanjin Shipping said, "Through long-term contracts with the two companies, our partnership is strengthened so as to provide competitive services to customers in the future with oil supply and demand."

Hanjin Shipping expects to earn approximately KRW 120 billion over the five year contract.
< 이명지 기자 mjlee@ksg.co.kr >