Hanjin purchases 6,500 TEU vessel

Hanjin Shipping purchased a new vessel to strengthen its position in the Chinese.
Hanjin Shipping ordered a 6,500 TEU class 5 ultra modern container ship with the backing of president Choi Won Pyo, the head of the Korea Export-Import Bank, Sin Dong Gu, and HHI (Hyundai Heavy Industries), January 12 in Hong Kong.
Built by HHI, the vessel has a carrying capacity of 6,622 TEU, is 79,000 DWT (Dead Weight Ton), is 304 meters long, 40 meters wide, and cruises at 26.5 knots. They will operate NEX (New China Europe Express) route, a Hanjin China/Europe service, by alternating existing a 5,600 TEU class ship from September 2006 to May 2007
Hanjin Shipping strengthened its position for the China/Europe service with this ship and has become more competitive in the Chinese market with better customer service through high-speed vessels and with larger and more modern vessels.
Hanjin is the 5th largest carrier in the world with 72 container ships. It ordered a 7,500 TEU class 5 container ship in March last year.
Meanwhile, this is the first new ship for the company in 7 years since the currency crisis in 1997.