HANJIN SHIPPING

On July 5, Hanjin Bremerhaven was christened at Hyundai Heavy Industries in Ulsan, a south eastern city of Korea. Hanjin's owned super-high speed container vessel is scheduled for deployment on the FEX (Far East Europe Express Service) on July 11, 2006.

Hanjin Bremerhaven is the first installment of the company's series of eight latest 6,500TEU-class newbuildings.

Focusing on super-high speed operation, Hanjin Bremerhaven can shorten the transit time of the Asia-Europe trade by two days. Its speed of 27 knots (50km/h) is one knot higher than that of recently-built 9,000 to 10,000TEU vessels.

The world's fastest super-high speed container vessel weighs 58,000 DWT and measures 304 meters long with 6,655 TEU capacity and 93,000 hp engine output.

Hanjin Shipping expects its latest owned vessel to further improve schedule reliability and customer service.

The Korea's largest ocean carrier will deploy a total of eight super-high speed owned vessels, including Hanjin Bremerhaven, on its main services by early 2008. This plan is part of the carrier's heavy investment aimed at making its fleet more competitive and providing better service.

(Notes)

1. Hanjin Bremerhaven Specifications

- 58,000 DWT (Dead Weight Ton)

- Container capacity: 6,655TEUs

- Engine output: 93,000 hp

- Width: 40m; Length: 304m

- Twice as large as a football field

- Operation Speed: 27 knots (50 km/h); The world's fastest super-high speed container vessel

2. FEX (Far East Europe Express Service) Port Rotation:

Xingang-Gwangyang-Busan-Hong Kong-Singapore-Rotterdam-Hamburg-Felixtowe-Singapore-Kaohsiung-Xingang

3. Hanjin's fleet of latest super-high speed containerships (5,000TEU or higher)

- Latest container vessels