Hanjin earns $87 million profit in 3Q

Transportation

Monday, November 05, 2012

The container line Hanjin Shipping said Monday it made $87.1 million in liner operating profits in the third quarter, a major swing from the $144 million it lost during the same period in 2011. Liner revenue in the third quarter was $2.2 billion, an 24.3 percent rise year-on-year. Container volume in the quarter rose 6.2 percent to nearly 1.2 million TEUs. Year-to-date the line has seen liner operating losses shrink by 77.5 percent to $43 million. Revenue has ris...

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