Hanjin Sets Sales Target At $3.5B

Hanjin Shipping Co. announced its sales target this year is $3.45 billion, against an estimated $3.27 billion for 1999. The company's operating profit was projected to rise to $251 million in 2000 from an estimated $220 million for 1999. To back up the sales plan, the company will add five ships - three container ships of 5,600 teu each and two liquefied natural gas (LNG) carriers - to its fleet this year. The plan will increase the number of the company's container ships to 48 and bulk carriers to 69.