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Hanjin Expects Increase In Sales

Maritime Activity Reports, Inc.

October 18, 1999

South Korea's Hanjin Shipping Co. expects its sales to rise by five to six percent to $3.5 billion in 1999 from a year earlier, according to company officials. Officials said that the company's net profit for the second half of 1999 is expected to be higher than the $10 million posted in the January-June period.