Hanjin Shipping is restoring freight rates in the Trans-Atlantic trade effective December 1st, 2009.

The amount of rate increase for all North American shipments to and from North Europe and the Mediterranean is USD 250 per TEU and USD 350 per FEU.

Hanjin Shipping comments that despite the company’s continuous efforts to reduce costs, this rate restoration is inevitable in order to maintain quality service to its customers under the current economic climate.

Details of the rate restoration are as below:

< Rate Restoration >

- North America - North Europe/Mediterranean : USD 250/TEU, USD 350/TEU

- Effective December 1st, 2009

- All container types including Dry, Reefer, Special, etc.