News / Hanjin looks to faster transits and niche services to boost its bottom line

22/03/2016

While South Korean shipping group Hyundai Merchant Marine (HMM) fights for its very existence this week, compatriot Hanjin Shipping is looking at ways of improving its profitability – including speeding up its ships and offering niche services.

Several analysts have concluded that a merger between Korea’s largest shipping group, Hanjin and the second-biggest, HMM, is the most logical option for the survival of the ailing latter.

However, Hanjin appears undistracted by this speculation, and is instead putting its own house in good ...

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Ed Enos
March 22, 2016 at 8:24 pm
As simple as it may seem, shipowners and fleet managers seem to be oblivious to this. Matson, a US flag carrier, has been providing the “shorter” transit time out of Ningbo/Shanghai on the China to west coast run for years. Doing so successfully In spite of the lower freight rates on bigger foreign flag ships. The customers are far happier by faster delivery and shorter voyages spent at sea.

Amazing it took this long for others to figure this out.

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