Hanjin aims at $4.04 billion in sales

Hanjin Shipping has set targets of $4.04 billion in sales and $7.6 million in investments this year, the company revealed Jan. 18.

Last year, Hanjin Shipping carried 2.05 million TEU, breaking the 2 million level for the first time in local history. Already this year, Hanjin said, it has secured 8,000 containers. It expects to deliver 2.15 million TEU this year bringing in $3.24 billion, and a further $800 million in bulk transportation, carrying 64 million tons. Hanjin also presented 8,200 new container boxes to replace the old ones.

"Trade cargo traffic will increase this year in the shipping market, but many new ships will come into the market, so the market condition will improve only slightly," an official from Hanjin Shipping said.

"The company will operate on profit oriented business due to many lingering variables such as oil prices and the foreign exchange rate," he added.