Hanjin Shipping (SEO:000700) Opens Euromax Terminal In Rotterdam

Hanjin Shipping (SEO:000700) is pleased to announce the opening of the Euromax Terminal in Rotterdam, Netherlands that took place on September 5th, 2008.

The Euromax Terminal has been developed jointly by ECT (Europe Container Terminal) and the CKYH (Cosco Group, K-Line, Yang Ming Line and Hanjin Shipping) Alliance.

The terminal is located in Maasvlakte-1 with 4 berths in Phase-1 and shall be expanded to Phase 4. A total of 2.3 million TEU can be handled in Phase-1 and the terminal will be able to handle 5.6 million TEU once Phase 4 is completed.

Also, the Euromax terminal located in the mouth of the Maas River has many benefits; excellent access, state-of-the-art facilities with on-dock rail, automatic handling system and hybrid equipment allowing not only low cost and high efficiency but also eco-friendliness.

As the Port of Rotterdam is the largest port in Europe and the hub port connecting Benelux, Great Britain, Scandinavia and the North West of Germany, Hanjin Shipping expects that the opening of the Euromax Terminal in Rotterdam will enable the company to provide more stable service and a wider feeder network to its customers.

Mr. Young Min Kim, COO (Chief Operation Officer) of Hanjin Shipping, adds, "The unique combination of strengths the Euromax Terminal has certainly provides a solid foundation to grow upon. With many ports around the world facing capacity issues, this new terminal will be able to avoid this concern by increasing efficiency with also allowing access to larger vessels."

Meanwhile, Hanjin Shipping, with another European dedicated terminal in Antwerp introduced back in 2006, is studying the possibility of securing more dedicated terminals in a variety of logistics hubs such as in the Mediterranean, South East Asia, etc.

Euromax Terminal Specifications

- Length of Berth: 1,500m (4 Berths)
- Size: 840,000m2
- Container Handling Volume: 2.3 million TEU
- 5.6 million TEU once Phase 4 is completed

Hanjin Shipping's Dedicated Terminals: Total of 12

Domestic: 4 (Gamcheon, Gamman, Kwangyang, Pyeongtaek)

Overseas: 8

- America: Long Beach, Oakland, Seattle
- Japan: Tokyo, Osaka
- Taiwan: Kaohsiung
- Belgium: Antwerp
- Netherlands: Rotterdam

To be open: 4

- Busan New Port (Phase 2-1), Korea: Early 2009
- Algeciras, Spain: July, 2010
- Vietnam: 2010
- Jacksonville, Florida, U.S.: 2011



About Hanjin Shipping Company

Hanjin Shipping Co. Ltd. (SEO:117930) is a Korean provider of marine transportation services. The Company operates a fleet of approximately 200 vessels including modern containerships, bulk carriers and liquefied natural gas (LNG) carriers to transport ordinary goods, specialized cargos including coals and iron ores, oil and gas. The Company operates 11 dedicated marine terminal facilities across its global network. The Company has 200 overseas branch offices and 30 local corporations. The Company is also engaged in the logistics business with a network of container terminals, off-dock container yards and other services.

 

Related Companies

Hanjin Shipping Company