S.Korea’s Hanjin Shipping to open new route

South Korea’s HANJIN SHIPPING CO. (KSE:000700) will open a new shipping route linking Asia, the Middle East and the Mediterranean.The new route links Shanghai, Yantian, Singapore, Genoa, Fos, Valencia, Gioia Tauro, Jeddah and Khor Fakkan.
* Hanjin plans to launch a joint operation with UNITED ARAB SHIPPING CO. S.A.G. (USAC) and MITSUI O.S.K. LINES LTD. (MOL) on the new route in August.