*승* 스토어

*승*

개인

팔로워0 팔로우

소개

등록된 소개글이 없습니다.

전문분야 등록된 전문분야가 없습니다.

판매자 정보

학교정보

입력된 정보가 없습니다.

직장정보

입력된 정보가 없습니다.

자격증

입력된 정보가 없습니다.

판매지수

판매중 자료수

1개
전체 판매량

0개
최근 3개월 판매량

0개
자료후기 점수

-
자료문의 응답률

-

전체자료 1개

한진해운 기업분석

I. IntroductionHanjin Shipping was born through the 1988 merger between Hanjin Container Lines (HJCL) and Korea Shipping Corporation (KSC). Since then, Hanjin Shipping has broadened its operation and service offerings to global marine transport. Hanjin has steadily diversified its business by introducing new vessels and developing logistics operations in key service areas. Steadily expanding its business by introducing new vessels and developing logistics operations in key service areas, Hanjin Shipping operates 145 vessels that cover 80 major ports in 35 countries. Additionally, the Company operates 11 dedicated terminal facilities. Its 200 offices and third-party agents are spread across 53 countries.Hanjin Shipping and its subsidiaries, Keoyang Shipping, Senator Lines and CyberLogitec, are working together to make a major contribution to global marine transport. For the service dedication, Hanjin has received various awards presented by the world's renowned shippers and eminent resesimultaneously. The US Hanjin Logistics, Inc., founded in 2001 introduces its valuable services to the domestic market maintaining the same standards of excellence as Hanjin. The domestic service is dedicated to the on-time and efficient ground transportation of containers and is another feature for Hanjin to expand its status as the leading logistics company in the world. Today, a total of nine exclusive container terminals worldwide provide customers with first-rate services through timely and efficient delivery. Consistency and reliability form the cornerstone of Hanjin's commitment to customers.4) Customer serviceBy delivering new IT solutions, Hanjin Shipping satisfies customer demands for logistics information systems, shows its vision and commitment, and perpetuates its reputation as a shipping industry leader. Hanjin places priority on IT infrastructure development and its stable operation. ABPR-based ERP system launched in 1998, Hanjin's New Information System (NIS), is fully . Add to this the additional burden on the households from non-consumable expenditures like payment on tax, pension and health insurance, and you appreciate the degree of extra load on household spending. Such non-consumable spending of urban households increased 10.4% in the third quarter of 2004, in contrast to 6.5% increase in average income during the period. Another cause for the slow demand was raising unemployment. The economy’s weak growth over the past two years has failed to create more jobs, which in turn limits consumption increases. On the corporate side, business companies were generally reluctant to invest under the growing economic and political uncertainties. Externally, rising international oil prices and threats of terrorism since the 9/11 attacks in the US have chilled the business environment. Internally, political headaches like the controversial capital relocation plan (declared unconstitutional by the Supreme Court) and steps against property market speculation tributable to: 1) growth in container volume well beyond our expectation; 2) increased average shipping distance; and 3) the limited impact of large vessels due to insufficient loading/unloading facilities. The Asia-Europe route shows signs of steady recovery, reflecting the alleviation of excessive concerns.(US$/FEU)20062007West coast of US150300Intermodal350650East cost of US400500Source: TSATable: TSA freight rate forecastSource: Containerization internationalFigure: Freight rate by route4) Increase of price competition because of ULCSOf greater concern is that many of the vessels scheduled for delivery going forward are ultra-large container ships (ULCS. The world’s first ULCS, and 11,000TEU ship, began operations this month at Denmark’s Maersk, which is also scheduled to receive four in both 2007 and 2008, and five in 2009. Moreover, 27% of the container ships scheduled for delivery in 2007 will be over 7,500 TEU in size. Experts estimate that the lower fixed costs per unit and beg and US $170million (KRW 160billion) for MKOF. The value of the six overseas container terminal operations reflected in the stake acquisition contract is about US $870million (KRW 830billion). Although the investment of KRW 160billion from MKOF is a lot lower than our KRW 260billion estimated true value of MKOF’s stake, this amount is too small to materially affect the shares, as the company’s total stockholder’s equity is about KRW 2 trillion. Experts estimate the true value of the stakes in the container terminals by MKOF to be about KRW 260billion (40% of the six container terminals’ value of KRW 650billion). They assumed annual container handling capacity of 4.1million TEU for Hanjin Shipping’s six container terminals and average net profit per TEU of about KRW 11,000, which is the average net profit per TEU of leading global container terminal operators such as Hutchison, PSA and COSCO. Based on these assumptions, the annual net profit of Hanjin Shipping’s container terminals is 5

경영/경제| 2006.12.18| 25페이지| 5,000원| 조회(316)

Hanjin, shipping, Factors, vessels, areas

미리보기

닫기