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Hanjin Shipping names Korea’s largest VLOC
Friday, May 27, 2011, 10:56:51 Paul Yoon ckyoon7@paran.com
Hanjin Shipping (headed by Young-Min Kim, President and CEO) named Korea’s largest VLOC (300K dwt) “M/V Hanjin Brazil” in a naming ceremony held at Ulsan, Hyundai Heavy on May 25.

M/V Hanjin Brazil is one of the two largest ore carriers among ships owned by Korean ship owners, measuring 340m in length (three times longer than normal football field) and 55m in breadth.

M/V Hanjin Brazil was named by Lee Eun-Sun, wife of POSCO’s Chairman Chung Joon-Yang, as sponsor in the naming ceremony attended by about related staff members in presence of Dae-Hyoun Baek, Chief Executive of Hanjin Shipping’s Bulk Div., Chang-June Kang, Executive Vice President and Chief Operating Officer, Hyundai Heavy’s Offshore Div.

The vessel is expected to be deployed in transport of iron ore from Brazil to Korea under the long-term contract with POSCO, starting her maiden voyage on May 27.

In the naming ceremony, Mr. Baek said, “It is very meaningful that POSCO, Korea’s key industrial player, and Hanjin Shipping, Korea’s flagship carrier, enhance mutual cooperation as strategic partners and expand synergy effects through the take-over of the new vessel, and we will redouble our efforts to provide stable transport of raw material in future for Korea’s key industry.”

Back in last March, Hanjin Shipping took over the first VLOC, M/V Hanjin Tubarao, sistership to M/V Hanjin Brazil, deploying her in the same long-term transport of iron ore for POSCO. Hanjin Shipping best assures POSCO of its stable transport for key industrial raw material by proper deployment of bulkers in place at a right time.
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