Hanjin Flies with Lucrative Q2


Container line Hanjin has reported a solid Q2, 2015 as a result of factors which include lower bunker fuel prices, and an appreciating currency enabled the line to post a US$94 million net profit, according to The Journal of Commerce.

PTI previously reported that Japan’s ‘Big 3’ shipping lines has increased their earnings in Q2, 2015.

Operating profit at the shipping line’s terminal business was also up 72% to $1.6 million.

Hanjin carried 4.2% more containers in Q2, 2015 than during the same period last year, with 1.15 million TEU riding its decks.

The company said: “Trans-Pacific trade is likely to grow in terms of both freight rate and cargo volume as the annual peak season approaches along with the potential recovery of the US market.

“As for Asia-Europe trade, the oversupply situation is expected to gradually improve hence freight rate level will also stabilise.

Maersk Line recently released its Q1 interim report, unveiling profits of US$1.6 billion and are due to post its Q2 results next week.

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