World’s major shipping firms look to expand fleets

Hanjin Shipping Co, South Korea’s largest shipping line, and China Shipping (Group) Co (中國海運集團) said they were close to ordering new vessels as world trade rebounds from the global recession.
Hanjin may announce a deal for mid-sized container ships by as early as year-end, chief executive Kim Young-min told a conference in Guangzhou, China, yesterday.
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Source: Steel Guru