Hanjin Shipping Co., South Korea’s largest container-shipping line, expects to post a profit this year and boost sales 27 percent as world trade picks up and shipping lines pare fleet expansion plans. “The gap between demand and capacity is expected to narrow this year as demand recovers and ship deliveries are delayed,” said the CEO. “Our aim is to post a net income for the year.” Sales may reach $7.1 billion from $5.6 billion in 2009, he said. … Global trade is expected to grow 5.8 percent this year after contracting 12.3 percent in 2009, according to the International Monetary Fund.

From Bloomberg, February 21, 2010