Hanjin Shipping's operating performance for the 3rd quarter 2008 is as follows ;
-
FY2008 3Q
FY2008 2Q
Change
Sales
(KRW in billions)
19,427
17,223
12.8%
Average Revenue per TEU
(USD/ TEU)
1,525
1,424
7.1%
Volume
(TEU)
917,107
915,527
0.2%
TEU : Twenty-foot Equivalent Unit
Commentary
The container division’s sales for 3Q 08 increased 12.8% compared to 2Q 08. Mainly due to the depreciation of KRW and a 7.1% increase in average revenue per TEU. The average exchange rate of KRW against USD was 1,017.67 for 2Q 08, and 1,063.67 for 3Q 08.
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FY2008 3Q
FY2008 2Q
Change
Sales
(KRW in billions)
6,142
5,238
17.3%
Average Revenue per Ton
(USD/ R.Ton)
22.65
25.36
-10.7%
Volume
(R.Ton)
10,977
8,505
29.1%
Commentary
For 3Q 08, the bulk division recorded a 17.3% increase in sales compared to the last quarter. Despite the lower average revenue per ton down 10.7% from 2Q 08, the increased cargo volume, from the merger with Keoyang shipping in July 2008 led to an increase in total sales.
The average exchange rate of KRW against USD was 1,017.67 for 2Q 08, and 1,063.67 for 3Q 08.
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