Release Date:
Release ID: 5199

Hanjin Shipping to receive its first ore carrier

March 22nd, 2011, Seoul, Korea - Hanjin Shipping announced today that it received its first ore carrier.

Named after the Brazilian port with the country’s largest iron ore export, “Hanjin Tubarao” is a Very Large Ore Carrier (VLOC) of 300,000 ton-class. The ship is under long-term contract with POSCO and will be deployed in the transportation of iron ore from Brazil to Korea.

Attending the naming ceremony held at Hyundai Heavy Industries in Ulsan, Korea, Young Min Kim, President& CEO of Hanjin Shipping commented, “We are delighted with the delivery of our first ore carrier and that we secured long-term contract with one of the world’s major clients.” He added, “It will not only contribute to improving our profitability but also be a milestone for us as we continue our efforts to develop our bulk business.”

Meanwhile, Hanjin Shipping also received its first Very Large Crude Carrier of 300,000ton-class recently.
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