Hanjin Shipping Co. (KSE:000700), South Korea’s largest shipping line, said Thursday that it suffered a loss in December on the back of lower freight rates.

Hanjin logged a loss of 86.5 billion won (US$75 million) and sales of
668 billion won, the company said, without providing comparable
figures. It also posted an operating loss of 86.4 billion won.

The company split off from Hanjin Shipping Holdings Co. in December.

Source: Yonhap

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