Hanjin Shipping to invest $845.9 mln in 5 vessels

(Reuters): South Korea’s Hanjin Shipping Co. Ltd. said on Friday that it would spend 923.6

billion Won ($845.9 million) on building five container ships.

 The addition of five 13,000 twenty-foot equivalent unit (TEU) vessels would improve cost structure through the expansion of its line-up, the Korean shipper said in a regulatory filing. ($1 = 1091.850 Won)