Hanjin Shipping’s container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates offset a 7.4 percent increase in container volume.
The South Korean carrier’s operating loss on containers widened from $27 million in the first quarter of 2011. Container revenue slipped 0.3 percent to $1.570 billion. Container volume rose to 1,014,838 twenty-foot-equivalent units.