In October, Hanjin Shipping signed a 25-year lease, valued at more than US$1 billion, with the Port of Long Beach to move from the company's existing container terminal to a new 375-acre facility, with the first phase of 260 acres to be constructed by summer of 2002, and the remainin...
1986: The company opens its first exclusive container terminal in Seattle, Washington. 1988: Hanjin Shipping Co., Ltd. is created through a merger with Korea Shipping Corporation. 1994: Soo-ho Cho, third son of Choong-hoon Cho is elected president of Hanjin Shipping. 1995: The company introdu...