Hanjin Shipping Co., South Korea's largest shipper, said Thursday it swung to a net loss in the first quarter on lower freight rates.
Net loss came to 46.5 billion won (US$50.2 million) in the January-March period, a turnaround from a net profit of 61.1 billion won a year earlier, the company said in a regulatory filing.
Net loss came to 46.5 billion won (US$50.2 million) in the January-March period, a turnaround from a net profit of 61.1 billion won a year earlier, the company said in a regulatory filing.