Hanjin Shipping Sees $59.3M Loss

Thursday, February 01, 2001
Hanjin Shipping said it saw a net loss of 74.5 billion won ($59.3 million) in 2000 against a 36.8 billion won net profit in 1999. A Hanjin official said the depreciation of the won against the dollar last year was behind the loss, costing the company around 260 billion won. The won shed 11 percent against dollar in 2000. Hanjin, a shipping unit of South Korea's Hanjin Group, posted a recurring loss of 97.5 billion won last year, against a 61.4 billion won profit a year ago, with the won depreciation again a major factor. Before accounting for the effects of the won depreciation, the recurring profit amounted to around 150 billion won.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BP Shipping Turns 100

BP Shipping celebrated its 100-year anniversary yesterday, making it the longest continually operating company in the group.   Formed on April 30, 1915 as the British Tanker Company,

Canada to Scale Back Plan for Navy Ships, Go Over Budget

Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest challenge

US Navy is Buying the Wrong Ship, Costing Taxpayers Billions

The United States will spend $585 billion on its armed forces in 2015 — the biggest military budget in the world by far. That’s just the Defense Department budget

Finance

Diana Shipping Signs Loan Facility with Danish Ship Finance

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million,

Volvo Penta Offers Extended Warranty

Volvo Penta has doubled the warranty on Genuine Volvo Penta Parts and Accessories that are purchased and installed at a Volvo Penta dealer — creating even better protection for customers.

ExxonMobil Begins Production at Kizomba

Exxon Mobil Corporation announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2130 sec (5 req/sec)